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

Accounts	Debits				Credits
Cash	$	25,700
Accounts Receivable		16,500
Prepaid Insurance		14,200
Land		159,000
Accounts Payable					$	7,800
Deferred Revenue						6,900
Common Stock						154,000
Retained Earnings						46,700
Totals	$	215,400			$	215,400

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

1.		January		9		Provide storage services for cash, $145,100, and on account, $57,700.
2.		February		12		Collect on accounts receivable, $52,600.
3.		April		25		Receive cash in advance from customers, $14,000.
4.		May		6		Purchase supplies on account, $11,400.
5.		July		15		Pay property taxes, $9,600.
6.		September		10		Pay on accounts payable, $12,500.
7.		October		31		Pay salaries, $134,600.
8.		November		20		Issue shares of common stock in exchange for $38,000 cash.
9.		December		30		Pay $3,900 cash dividends to stockholders.

2. Prepare a post-closing trial balance. (Hint: The balance of Retained Earnings will be the amount shown in the balance sheet.)

4. Prepare an unadjusted trial balance

7. Prepare an adjusted trial balance

8-a. Prepare the income statement for the year ended December 31, 2021.

8-b. Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)

9. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

1. 3. 6. & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances.