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Requlred Information [The following information applies to the questions displayed below.] The general ledger of Zips Storage at January 1, 2024, includes the following account

image text in transcribed Requlred 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 2 9. December 30 Provide storage services for cash, \$148,100, and on account, \$59,200. Collect on accounts receivable, $52,909. Receive cash in advance from customers, $14,300. Purchase supplies on account, \$12, ee. Pay property taxes, $9,900. Pay on accounts payable, $12,89. Pay salaries, $137,606. Issue shares of common stock in exchange for $41, cash. Pay $4,29 cash dividends to stockholders. 8-a. Prepare the income statement for the year ended December 31, 2024. Answer is complete but not entirely correct. Requlred 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 2 9. December 30 Provide storage services for cash, \$148,100, and on account, \$59,200. Collect on accounts receivable, $52,909. Receive cash in advance from customers, $14,300. Purchase supplies on account, \$12, ee. Pay property taxes, $9,900. Pay on accounts payable, $12,89. Pay salaries, $137,606. Issue shares of common stock in exchange for $41, cash. Pay $4,29 cash dividends to stockholders. 8-a. Prepare the income statement for the year ended December 31, 2024. Answer is complete but not entirely correct

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