8 Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable Prepaid Insurance




8 Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals Debits Credits $ 24,600 15,400 12,000 148,000 $ 6,700 5,800 143,000 44,500 $200,000 $200,000 The following is a summary of the transactions for the year: 1. January 2. February 3. April 4. May 5. July $52,0. 9 Provide storage services for cash, $134,100, and on account, $52,0 12 Collect on accounts receivable, $51, 500. 25 Receive cash in advance from customers, $12,900. 6 Purchase supplies on account, $9,200. 15 Pay property taxes, $8,500. S < Prev 456 10 of 10 Next > Retained Earnings Totals $200,000 44,500 $200,000 The following is a summary of the transactions for the year: 1. January 2. February 3. April 4. May 5. July 9 Provide storage services for cash, $134,100, and on accc 12 Collect on accounts receivable, $51,500. 25 Receive cash in advance from customers, $12,900. 6 Purchase supplies on account, $9,200. 15 Pay property taxes, $8,500. 6. September 10 Pay on accounts payable, $11,400. 7. October 31 Pay salaries, $123,600. 8. November 20 Issue shares of common stock in exchange for $27,000 cash- 9. December 30 Pay $2,800 cash dividends to stockholders. 4. Prepare an unadjusted trial balance. Answer is not complete. ZIPS STORAGE < Prev 456 10 of 10 Common stock in exchange for $27,000 cash. 9. December 30 Pay $2,800 cash dividends to stockholders. 4. Prepare an unadjusted trial balance. Accounts Cash Accounts Receivable Prepaid Insurance Supplies Land Accounts Payable Answer is not complete. ZIPS STORAGE Unadjusted Trial Balance December 31, 2021 .pdf here to search O Debit Credit 134,100 52,200 S Prev BEK 4 5 6 10 of 10 D DELL Required information Cash $ 134,100x Accounts Receivable 52,200 x Prepaid Insurance Supplies Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Dividends Service Revenue Property Tax Expense Salaries Expense. Insurance Expense Supplies Expense < Prev 4 5 6 10 of 10
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