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Please help with T-accounts Zips storage January 1 2024 Required information [The following information applies to the questions displayed below.] The general ledger of Zips
Please help with T-accounts Zips storage January 1 2024
Required information [The following information applies to the questions displayed below.] The general ledger of Zips Storage at January 1, 2024, includes the following account balances: 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, $153,100, and on account, $61,700. Collect on accounts receivable, $53,400. Receive cash in advance from customers, $14,800. Purchase supplies on account, $13,000. Pay property taxes, $10,400. Pay on accounts payable, $13,300. Pay salaries, $142,600. Issue shares of common stock in exchange for $46,000cash. Pay $4,700 cash dividends to stockholders. 3. 6. \& 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. Answer is not completeStep by Step Solution
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