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The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $ 25,400 Accounts Receivable 16,200 Prepaid

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The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $ 25,400 Accounts Receivable 16,200 Prepaid 13,600 Insurance Land 156,000 Accounts Payable $ 7,500 Deferred Revenue 6,600 Common Stock 151,000 Retained 46,100 Earnings Totals $211,200 $211,200 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $142,100, and on account, $56,200. 2. February 12 Collect on accounts receivable, $52,300. 3. April 25 Receive cash in advance from customers, $13,700. 4. May 6 Purchase supplies on account, $10,800. 5. July 15 Pay property taxes, $9,300. 6. September 10 Pay on accounts payable, $12,200. 7. October 31 Pay salaries, $131,600. 8. November 20 Issue shares of common stock in exchange for $35,000 cash. 9. December 30 Pay $3,600 cash dividends to stockholders. Insurance expired during the year is $7.800. Supplies remaining on hand at the end of the year equal $3,700. Provide services of $12,600 related to cash paid in advance by customers. Require... General General Trial Income Balance Journal Ledger Balance Statem... Sheet 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 9). Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab (these are shown as items 10- 12). 3. Review the adjusted 'Trial Balance' as of December 31, 2021. 4. Prepare an income statement for the period ended December 31, 2021, in the 'Income Statement' tab. 5. Prepare a classified balance sheet as of December 31, 2021 in the 'Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab (these are shown as items 13- 15). Requirement General Journal > Require... General General Trial Income Balance Journal Ledger Balance Statem... Sheet Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list 15 > Journal entry worksheet Balance 46,100 Trial General General Income Balance Require... Journal Ledger Balance Statem... Sheet Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Show less Unadjust Zips Storage Income Statement For the Year Ended December 31, 2021 Revenues: Total Revenues Expenses: Total Expenses Trial General General Require... Income Balance Journal Ledger Balance Statem... Sheet The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Show less Unadjust Zips Storage Balance Sheet December 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Total Current Liabilities Stockholders' Equity Total current assets Long-term Assets: Total assets Total Stockholders' Equity Total Liabilities and Stockholders' Equity

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