The general ledger of Zips Storage at January 1, 2021, includes the following account balances:

Accounts	Debits				Credits
Cash	$	25,500
Accounts Receivable		16,300
Prepaid Insurance		13,800
Land		157,000
Accounts Payable					$	7,600
Deferred Revenue						6,700
Common Stock						152,000
Retained Earnings						46,300
Totals	$	212,600			$	212,600

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

1.		January		9		Provide storage services for cash, $143,100, and on account, $56,700.
2.		February		12		Collect on accounts receivable, $52,400.
3.		April		25		Receive cash in advance from customers, $13,800.
4.		May		6		Purchase supplies on account, $11,000.
5.		July		15		Pay property taxes, $9,400.
6.		September		10		Pay on accounts payable, $12,300.
7.		October		31		Pay salaries, $132,600.
8.		November		20		Issue shares of common stock in exchange for $36,000 cash.
9.		December		30		Pay $3,700 cash dividends to stockholders.

Insurance expired during the year is $7,900. Supplies remaining on hand at the end of the year equal $3,800. Provide services of $12,700 related to cash paid in advance by customers.

Journal entry worksheet