I know this problem is lengthy but PLEASEE help!!! I included screenshots of each tab so you can see what the layout looks like
The general ledger of Zips Storage at January 1, 2024, includes the following account balances:
AccountsDebitsCreditsCash$25,300 Accounts Receivable16,100 Prepaid Insurance13,400 Land155,000 Accounts Payable $7,400Deferred Revenue 6,500Common Stock 150,000Retained Earnings 45,900Totals$209,800$209,800
The following is a summary of the transactions for the year:
| 1. January 9 | Provide storage services for cash, $141,100, and on account, $55,700. |
| 2. February 12 | Collect on accounts receivable, $52,200. |
| 3. April 25 | Receive cash in advance from customers, $13,600. |
| 4. May 6 | Purchase supplies on account, $10,600. |
| 5. July 15 | Pay property taxes, $9,200. |
| 6. September 10 | Pay on accounts payable, $12,100. |
| 7. October 31 | Pay salaries, $130,600. |
| 8. November 20 | Issue shares of common stock in exchange for $34,000 cash. |
| 9. December 30 | Pay $3,500 cash dividends to stockholders. |
Insurance expired during the year is $7,700. Supplies remaining on hand at the end of the year equal $3,600. Provide services of $12,500 related to cash paid in advance by customers.
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1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 to 9). Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances.
2. Record the adjusting entries in the 'General Journal' tab (these are shown as items 10 to 12).
3. Review the adjusted 'Trial Balance' as of December 31, 2024.
4. Prepare an income statement for the period ended December 31, 2024, in the 'Income Statement' tab.
5. Prepare a classified balance sheet as of December 31, 2024 in the 'Balance Sheet' tab.
6. Record the closing entries in the 'General Journal' tab (these are shown as items 13 to 15).
The general ledge do LIps Starage at deriuary 1, 2024, Inatudes the following eccount balances. The fallawing is a summary of the transactions far the jear: 1. Janiary 9 Fravide atarane neryicu tar tanh, $141,105, and sn azceu7t, \$\$5, 330. 3. AprS1 25 Gecetie ces" in advance from custzeers, 313,409 , 4. Pay 6 2. July 15 furchese susplises on a6count, $102698 6. Septenher 18 Fin on meraunte payable, \$12,103. 8. hovenser 29 lssua shares of cowon stock in ewcianpe for 534,290 cash 9. Douster 98 foy 13,508 sasli diviounda to stoceloldora. Insurance exoled curlig the veat is $7,700. Supples remaning on l arid at the enc of the yeal ecual $3,600. Provide services of $12,500 related to cesh pald li acharese by custemers. 1. Record esch of the transactions listed abwe in the General Jsurnal tab (these are shown as items I to 9 ). Reviem I 2. Fecord tha adjusting ontries in the 'Gsneral Joumal' tab (these are shown as items 10 to 12 ). 3. Rusiaw the adjusted 'Trial Balance' ss of December 31,2024. 4. Hrepare an incorme statement far the periad ensted Ceocmber 31, 2024, in the 'Income Statement' tob. 5. Prepare a classilied balanch shept as of December 31,2004 in the 'halanoe shest' tah. 6. Fucord the doeing entries in the 'Genoral sournal" tab [these are chown as lteme 13 to 15 ]. The erding bolanoe values from the General Ledper tab flows through to the Mrial Balance below. The ungdjusted, adjusted, will aggear for each account, based on your salection. Unadjusted Wate Gros debits tefore credir. The bulance sheet is the accounting cquatlon: Agects Lablltles i Eoulty. Each asest and lablily zocount is reportod sepsra: bslance sheet. The unedjusted, adjusted, or post-closing balances will appear for each actount, based on your selestion. Unsdjusted appear for aach acoount, based an your salecticn. The general ledge do LIps Starage at deriuary 1, 2024, Inatudes the following eccount balances. The fallawing is a summary of the transactions far the jear: 1. Janiary 9 Fravide atarane neryicu tar tanh, $141,105, and sn azceu7t, \$\$5, 330. 3. AprS1 25 Gecetie ces" in advance from custzeers, 313,409 , 4. Pay 6 2. July 15 furchese susplises on a6count, $102698 6. Septenher 18 Fin on meraunte payable, \$12,103. 8. hovenser 29 lssua shares of cowon stock in ewcianpe for 534,290 cash 9. Douster 98 foy 13,508 sasli diviounda to stoceloldora. Insurance exoled curlig the veat is $7,700. Supples remaning on l arid at the enc of the yeal ecual $3,600. Provide services of $12,500 related to cesh pald li acharese by custemers. 1. Record esch of the transactions listed abwe in the General Jsurnal tab (these are shown as items I to 9 ). Reviem I 2. Fecord tha adjusting ontries in the 'Gsneral Joumal' tab (these are shown as items 10 to 12 ). 3. Rusiaw the adjusted 'Trial Balance' ss of December 31,2024. 4. Hrepare an incorme statement far the periad ensted Ceocmber 31, 2024, in the 'Income Statement' tob. 5. Prepare a classilied balanch shept as of December 31,2004 in the 'halanoe shest' tah. 6. Fucord the doeing entries in the 'Genoral sournal" tab [these are chown as lteme 13 to 15 ]. The erding bolanoe values from the General Ledper tab flows through to the Mrial Balance below. The ungdjusted, adjusted, will aggear for each account, based on your salection. Unadjusted Wate Gros debits tefore credir. The bulance sheet is the accounting cquatlon: Agects Lablltles i Eoulty. Each asest and lablily zocount is reportod sepsra: bslance sheet. The unedjusted, adjusted, or post-closing balances will appear for each actount, based on your selestion. Unsdjusted appear for aach acoount, based an your salecticn
