$[$The following information applies to the questions displayed below.$]$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:

January $9$

February $12$

April $25$

May $6$

July $15$

September $10$

October $31$

November $2$

December $30$

Provide storage services for cash, $$139,100,$ and on account, $$54,700.$

collect on accounts receivable, $$52,090.$

Receive cash in advance from customers, $$13,400.$

Purchase supplies on account, $$10,200.$

Pay property taxes, $$9,000.$

Pay on accounts payable, $$11,90.$

Pay salaries, $$128,600.$

Issue shares of common stock in exchange for $$32,00$cash.

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

Record adjusting entrles. Insurance explred during the year is $$7,500.$ Supplies remaining on hand at the end of the year equal

$$3,400.$ Provide services of $$12,300$ related to cash paid in advance by customers. $($If no entry ls required for a particular

transaction$/$event$,$ select $"$No Journal Entry Requlred" In the flrst account fleld.$)$

Journal entry worksheet

The general ledger of Zips Storage at January $1,2024,$ includes the following account balances:

Accounts Debits Credits

Cash $$25,100$

Accounts Receivable $15,900$

Prepaid Insurance $13,000$

Land $153,000$

Accounts Payable $$7,200$

Deferred Revenue $6,300$

Common Stock $148,000$

Retained Earnings $45,500$

Totals $$207,000$ $$207,000$

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

$1.$ January $9$ Provide storage services for cash, $$139,100,$ and on account, $$54,700.$

$2.$ February $12$ Collect on accounts receivable, $$52,000.$

$3.$ April $25$ Receive cash in advance from customers, $$13,400.$

$4.$ May $6$ Purchase supplies on account, $$10,200.$

$5.$ July $15$ Pay property taxes, $$9,000.$

$6.$ September $10$ Pay on accounts payable, $$11,900.$

$7.$ October $31$ Pay salaries, $$128,600.$

$8.$ November $20$ Issue shares of common stock in exchange for $$32,000$ cash.

$9.$ December $30$ Pay $$3,300$ cash dividends to stockholders.

Record adjusting entries. Insurance expired during the year is $$7,500.$ Supplies remaining on hand at the end of the year equal $$3,400.$ Provide services of $$12,300$ 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.$)$