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My Balance Sheet is Unbalanced.. I have no idea where I went wrong :( Can you provde income statement to show ? The general ledger
My Balance Sheet is Unbalanced.. I have no idea where I went wrong :( Can you provde income statement to show ?
The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,680 17,400 16,000 168,000 Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163.ee 48,500 $228,000 $228.000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $154, 100, and on account, 562,200. 2. February 12 Collect on accounts receivable, 553,500. 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, $10,500. 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 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, Post-closing Zips Storage Balance Sheet December 31, 2021 Assets Llabilities Current Assets Cash Accounts Receivable S Current Liabilities 123.800 Accounts Payable 25.100 Deferred Revenue $ 8.500 8.900 Prev 1 of 1 Next 7. October 3. November 2. December 31 Pay salaries, $143,600. 20 Issue shares of common stock in exchange for $47.000 cash. 30 Pay 54,800 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 The balance sheet is the accounting equation: Assets Uabilities - 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. Post-closing Zips Storage Balance Sheet December 31, 2021 Liabile Current Labs 123 8001 Accounts Payable 26. 100 Deferred Revenue els Current Assets Cash Accounts Receivable Supplies Prepaid Insurance 8.900 7.000 Total Current Liabilities Stockholders' Equity Common Stock Retained Earnings 156.900 P Total current assets Long-term Assets Land 210.000 102.400 168,000 Total Stockholders' Equity 324 900 Total and Stockholders' Equity 312 000 329 300 Total assets 5 5 Step by Step Solution
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