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stuggling please help. (hint: 1&7 correspond easily) 8-a. Prepare the income statement for the year ended December 31, 2024. 4. Prepare an unadjusted trial balance.
stuggling please help. (hint: 1&7 correspond easily)
8-a. Prepare the income statement for the year ended December 31, 2024. 4. Prepare an unadjusted trial balance. 1 Record the adjusting entry for insurance expired during the year of $8,000. 2 Supplies remaining on hand at the end of the year equal $3,900. Record the adjusting entry. 3 Provide services of $12,800 related to cash paid in advance by customers. Record the adjusting entry. 8-b. Prepare the classified balance sheet for the year ended December 31, 2024. 7. Prepare an adjusted trial balance. 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 Provide storage services for cash, $144,100, and on account, $57,200. 2. February 12 Collect on accounts receivable, $52,500; 3. Aprili 25 Receive cash in advance from customers, $13,900. 4. May 6 Purchase supplies on account, $11,200. 5. July 15 Pay property taxes, 59,500. 6. September 10 Pay on accounts payable, $12,400. 7. October 31 Pay salaries, $133,600. 8. Novenber 20 Issue shares of connon stock in exchange for $37,080 cash. 9. Decenber 30 Pay $3,800 cash dividends to stockholders Step by Step Solution
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