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 Debits Credits

Cash $$25,200$

Accounts Receivable $16,000$

Prepaid Insurance $13,200$

Land $154,000$

Accounts Payable $$7,300$

Deferred Revenue $6,400$

Common Stock $149,000$

Retained Earnings $45,700$

Totals $$208,400$ $$208,400$

The following is a summary of the transactions for the year:

$1.$ January $9$ Provide storage services for cash, $$140,100,$ and on account, $$55,200.$

$2.$ February $12$ Collect on accounts receivable, $$52,100.$

$3.$ April $25$ Receive cash in advance from customers, $$13,500.$

$4.$ May $6$ Purchase supplies on account, $$10,400.$

$5.$ July $15$ Pay property taxes, $$9,100.$

$6.$ September $10$ Pay on accounts payable, $$12,000.$

$7.$ October $31$ Pay salaries, $$129,600.$

$8.$ November $20$ Issue shares of common stock in exchange for $$33,000$ cash.

$9.$ December $30$ Pay $$3,400$ cash dividends to stockholders.

$1.3.6.$ & $10.$ Post the transactions, adjusting entries and closing entries to the T$-$accounts. Be sure to include beginning balances.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:

January $9$ Provide storage services for cash, $$140,100,$ and on

account, $$55,200.$

February $12$ Collect on accounts receivable, $$52,100.$

April $25$ Receive cash in advance from customers, $$13,500.$

May $6$ Purchase supplies on account, $$10,400.$

July $15$ Pay property taxes, $$9,100.$

September $10$ Pay on accounts payable, $$12,000.$

$0$ctober $31$ Pay salaries, $$129,600.$

November $20$ Issue shares of common stock in exchange for $$33,000$ cash.

December $30$ Pay $$3,400$ cash dividends to stockholders.

& $10.$ Post the transactions, adjusting entries and closing entries to the T$-$accounts. Be sure to

include beginning balances.