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Could you explain how to get these answers?? [The following information applies to the questions displayed below The general ledger of Zips Storage at January
Could you explain how to get these answers??
[The following information applies to the questions displayed below The general ledger of Zips Storage at January 1, 2018, includes the following account balances: Accounts Cash Accounts Receivable Prepald Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Debits Credits $ 24,600 15,400 12,000 148,000 $6.700 5,800 143,000 44,500 Totals $200,000 $200,000 The following is a summary of the transactions for the year. a. January 9 Provide storage services for cash, $134,100, and on account, $52,200 b. February 12 Collect on accounts recelvable, S51,500. C. April 25 Receive cash in advance from customers, $12,900 d. May 6 Purchase supplies on account, $9,200 e. July 15 Pay property taxes, $8,500. f. September 10 Pay on accounts payable, $11,400. g. October 31 Pay salaries, $123,600 h. November 20 Issue shares of common stock in exchange for $27,000 cash. I. December 30 Pay $2.800 cash dividends to stockholders. J. Insurance explred during the year is $7000. Supples remaining on hand at the end of the year equal $2,900. Provide services of $11,800 related to cash pald in advance by customers
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