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General Ledger Assignment (Assessment Question) 6 Required information Part 6 of [The following information applies to the questions displayed below.) 10 points The general
General Ledger Assignment (Assessment Question) 6 Required information Part 6 of [The following information applies to the questions displayed below.) 10 points The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Accounts Cash Debits Credits $26,100 Accounts Receivable 16,900 Prepaid Insurance 15,000 Land 163,000 Accounts Payable $8,200 Deferred Revenue i 7,300 Common Stock 158,000 Retained Earnings 47,500 Totals $221,000 $221,000 The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 Provide storage services for cash, $149,100, and on account, $59,700. Collect on accounts receivable, $53,000. Receive cash in advance from customers, $14,400. Purchase supplies on account, $12,200. Pay property taxes, $10,000. 6. September 10 Pay on accounts payable, $12,900. 4. May 6 5. July 15 7. October 31 8. November 20 9. December 30 Pay salaries, 5138,600. Issue shares of common stock in exchange for $42,000 cash. Pay $4,300 cash dividends to stockholders.. 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
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