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Insurance expired during the year is $7,300. Supplies remaining on hand at the end of the year equal $3,200. Provide services of $12,100 related
Insurance expired during the year is $7,300. Supplies remaining on hand at the end of the year equal $3,200. Provide services of $12,100 related to cash paid in advance by customers. Require... General General Journal Ledger Trial Income Balance Balance Stateme...Sheet The balance sheet is the accounting equation: Assets Liabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Adjusted Assets Current Assets: Total current assets Long-term Assets: Zips Storage Balance Sheet December 31, 2024 Liabilities Current Liabilities: Total Current Liabilities Stockholders' Equity Total Stockholders' Equity Total liabilities and Stockholders' Show less Cash 24,900 Accounts Receivable 15,700 Prepaid Insurance 12,600 Land 151,000 Accounts Payable $ 7,000 Deferred Revenue Common Stock 6,100 146,000 Retained Earnings Totals 45,100 $ $ 204,200 204,200 The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 4. May 6 5. July 15 6. September 10 7. October 31 8. November 20 9. December 30 Provide storage services for cash, $137,100, and on account, $53,700. Collect on accounts receivable, $51,800. Receive cash in advance from customers, $13,200. Purchase supplies on account, $9,800. Pay property taxes, $8,800. Pay on accounts payable, $11,700. Pay salaries, $126,600. Issue shares of common stock in exchange for $30,000 cash. Pay $3,100 cash dividends to stockholders.
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