The general ledger of Zips Storage at January 1, 2021, includes the following account balances:
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances Account Dobit Credit Caal 26,000 Met cela 16,00 Prepaid 14.00 Land 10.000 Acte Payable 1,100 Durace v 7.200 Common to 157.000 Medan Tutie 1219.00 $219.00 The following is a summary of the transactions for the year 1. Jy Provide services for h, 114,100. dos secout 150.000 1. Pebruary 12 Collectoriale, 553,00 3. April 25 Meive his wance from custota, 114,100 May cu supplies 112.000. 3. y 15 Tay property tax, 59,900 6. September 10 yeable. 113,10. 3. October 21 salaries. $137.600. I. vber 20 three of cock whange for $1.000 cash December 14,200 vided to solders 1.3.6.6 10. Post the transactions, adjusting entries and closing entries to the accounts. Be sure to include beginning balances Bag C 28.000 Bu TED Endal 20.000 Endal 10.00 the 14.00 Beg Bu 14.00 Edhe Beli Land 162600 Ertal 10.000 Tanahu be 200 End 72200 152.000 300 and the Acc Race 16.100 beg 20.000 End 20.000 E 16.100 fe the End 14.00 End LAN 103000 Access De End 15.000 Code . Enga Como 7,200 Dy Bek Endel 7200 Beau End 47300 EN Bew En Ort The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debitis $ 26,000 16,800 14,800 162,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8, 100 7,200 157,000 47,300 $219,600 $219,600 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $148, 100, and on account, $59,200. 2. February 12 Collect on accounts receivable, $52,900. 3. April 25 Receive cash in advance from customers, 514,300. 4. May 6 Purchase supplies on account, $12,000. 5. July 15 Pay property taxes, $9,900. 6. September 10 Pay on accounts payable, $12,800. 7. October 31 Pay salaries, $137,600. 8. November 20 Issue shares of common stock in exchange for $41,000 cash. 9. December 30 Pay $4,200 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. Cash 26,000 Bog. Bal Accounts Receivable 16,800 Beg. Bal