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Please help me with the following! Thank you! 11. Record the adjusting entry for supplies remaining on hand at the end of the year equal
Please help me with the following! Thank you!
11. Record the adjusting entry for supplies remaining on hand at the end of the year equal to $3,900.
13. Record the closing entry for revenue.
14. Record the closing entry for expenses.
15. Record the closing entry for cash dividends.
The general ledger of Zips Storage at January 1, 2021, includes the following account balances: The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $144,100, and on account, $57,200. 2. February 12 Collect on accounts receivable, $52,500. 3. April 25 Receive cash in advance from customers, $13,900. 4. May 6 Purchase supplies on account, $11,200. 5. July 15 Pay property taxes, $9,500. 6. September 10 Pay on accounts payable, $12,400. 7. October 31 Pay salaries, $133,600. 8. November 20 Issue shares of common stock in exchange for $37,000 cash. 9. December 30 Pay $3,800 cash dividends to stockholders. Insurance expired during the year is $8,000. Supplies remaining on hand at the end of the year equal $3,900. Provide services of $12,800 related to cash paid in advance by customersStep by Step Solution
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