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: Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals: Debits Credits $25,200 16,000 13,200 154,000 $7,300 6,400 149,000 45,700 $208,400 $208,400 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, $140,100, and on account, $55,200. Collect on accounts receivable, $52,100. Receive cash in advance from customers, $13,500. Purchase supplies on account, $10,400. Pay property taxes, $9,100. Pay on accounts payable, $12,000. Pay salaries, $129,600. Issue shares of common stock in exchange for $33,000 cash. Pay $3,400 cash dividends to stockholders. 5. Record adjusting entries. Insurance expired during the year is $8,600. Supplies remaining on hand at the end of the year equal $4,500. Provide services of $13,400 related to cash paid in advance by customers. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list 5. Record adjusting entries. Insurance expired during the year is $8,600. Supplies remaining on hand at the end of the year equal $4,500. Provide services of $13,400 related to cash paid in advance by customers. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the adjusting entry for insurance expired during the year of $7,600. Note: Enter debits before credits. Transaction December 31 General Journal Debit Credit Record entry Clear entry View general journal < Prev 3 4 5 00 8 of 8 Next > Part 3 of 8 10 points 5. Record adjusting entries. Insurance expired during the year is $8,600. Supplies remaining on hand at the end of the year equal $4,500. Provide services of $13,400 related to cash paid in advance by customers. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Supplies remaining on hand at the end of the year equal $3,500. Record the adjusting entry. Note: Enter debits before credits. Transaction December 31 General Journal Debit Credit Record entry Clear entry View general journal Part 3 of 8 5. Record adjusting entries. Insurance expired during the year is $8,600. Supplies remaining on hand at the end of the year equal $4,500. Provide services of $13,400 related to cash paid in advance by customers. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list 10 points Journal entry worksheet 1 Provide services of $12,400 related to cash paid in advance by customers. Record the adjusting entry. Note: Enter debits before credits. Transaction General Journal Debit Credit December 31 Record entry Clear entry View general journal