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general journal, income statement, balance sheet The general ledger of Zips Storage at January 1, 2024, includes the following account balances: The following is a
general journal, income statement, balance sheet
The general ledger of Zips Storage at January 1, 2024, includes the following account balances: The following is a summary of the transactions for the year: 1.January92.February123.April254.May65.July156.September107.October318.November209.December30Providestorageservicesforcash,$134,100,andonaccount,$52,200.Collectonaccountsreceivable,$51,500.Receivecashinadvancefromcustomers,$12,900.Purchasesuppliesonaccount,$9,200.Paypropertytaxes,$8,500.Payonaccountspayable,$11,400.Paysalaries,$123,600.Issuesharesofcommonstockinexchangefor$27,000cash.Pay$2,800cashdividendstostockholders. 1. January 9 Provide storage services for cash, $134,100, and on account, $52,200. 2. February 12 Collect on accounts receivable, $51,500. 3. April 25 Receive cash in advance from customers, $12,900. 4. May 6 Purchase supplies on account, $9,200. 5. July 15 Pay property taxes, $8,500 6. September 10 Pay on accounts payable, $11,400. 7. October 31 Pay salaries, $123,600. 8. November 20 Issue shares of common stock in exchange for $27,000cash. 9. December 30 Pay $2,800 cash dividends to stockholders. Insurance expired during the year is $7,000. Supplies remaining on hand the end of the year equal $2,900. Provide services of $11,800 related to cash paid in advance by customersStep by Step Solution
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