Help with Journal Entries please Transcribed image text: The general ledger of Zips Storage at January 1,
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Help with Journal Entries please
Transcribed image text: The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,609 17,460 16,00 168,000 100 Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,869 163,009 48.500 $228,00 eBook $ 228,000 The following is a summary of the transactions for the year. References 1. January 19 Provide storage services for cash, $154,100, and on account, 562,200. 2. February 12 Collect on accounts receivable, $53,500. 3. April 25 Receive cash in advance from customers, $14,900. 4. May 6 Purchase Supplies on account. $13,200. 5. July 15 Pay property taxes, $10,5ee. 6. September 10 Pay on accounts payable, $13,400. 7. October 31 Pay salaries, $143,600. 8. November 20 Issue shares of common stock in exchange for $47.000 cash. 9. December 30 Pay $4,800 cash dividends to stockholders. Insurance expired during the year is $9,000. Supplies remaining on hand at the end of the year equal $4,900. Provide services of $13.800 related to cash paid in advance by customers. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet
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