The general ledger of Zips Storage at January 1, 2021, includes the following account balances Credits Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals Debits $ 26, 100 16,900 15,000 163,000 $ 8,200 7,300 158,000 47500 $221.000 $221,000 The following is a summary of the transactions for the year 1. January 9 Provide storage services for cash, $149, 100, and on account, 559,700. 2. February 12 Collect on accounts receivable, 553,000 3. April 25 Receive cash in advance from customers, $14,400. 4. May 6 Purchase supplies on account, $12,200. 5. July 15 Pay property taxes, $10,000. 6. September 10 Pay on accounts payable, $12,900. 7. October 31 Pay salaries, $138,600. 8. November 20 Issue shares of common stock in exchange for $42,000 cash. 9. December 30 Pay $4,300 cash dividends to stockholders. Insurance expired during the year is $8,500. Supplies remaining on hand at the end of the year equal $4,400. Provide services of $13,300 related to cash paid in advance by customers. View transaction list Journal entry worksheet 1 2 3 5 6 7 8 .. 15 Record the providing of storage services for cash $149, 100, and on account, $59.700. Note: Enter debits before credits Date General Journal Debit Credit January 09 Record entry Clear entry View general journal General Ledger Account Cash No. Debit Accounts Receivable Date January 01 Credit No. Balance 26,100 Date Debit Credit January 01 Balance 16,900 Prepaid Insurance Land No. Debit Credit Date January 01 No. Balance 15,000 Debit Date January 01 Credit Balance 163,000 Accounts Payable Debit Credit Deferred Revenue No. No. Date January 01 Debit Balance 8,200 Credit Date January 01 Balance 7.300 Common Stock Retained Earnings Debit Credit No. Debit Credit No. Date January 01 Balance 158,000 Date January 01 Balance 47500 Zips Storage Trial Balance December 30, 2021 Account Title Debit Credit Cash $ 26,100 16,900 15,000 163,000 Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Total 8,200 7,300 158,000 47 500 221,000 221,000 $ Zips Storage Income Statement For the Year Ended December 31, 2021 Revenues Total Revenues Expenses: Total Expenses Zips Storage Balance Sheet December 31, 2021 Assets Current Assets Liabilities Current Liabilities: Total Current Liabilities Stockholders' Equity Total current assets Long-term Assets Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total assets