The general ledger of Zips Storage at January 1, 2021, Includes the following account balances: Accounts Debits Credits Cash $ 25,600 Accounts Receivable 16,400 Prepaid Insurance 14,000 Land 158,000 Accounts Payable $ 7,700 Deferred Revenue 6,800 Common Stock 153,000 Retained Earnings 46,500 Totals $214,000 $214,000 The following is a summary of the transactions for the year. 1. January 9 Provide storage services for cash, $144, 100, and on account, $57,200. 2. February 12 Collect on accounts receivable, $52,500. 3. April 25 Receive cash in advance from customers, $13,900. 4. May 6 Purchase supplies on account, $11,200. 5. July 15 Pay property taxes, $9,500. 6. September 10 Pay on accounts payable, $12,400. 7. October 31 Pay salaries, $133,600. 8. November 20 Issue shares of common stock in exchange for $37,000 cash. 9. December 30 pay $3,800 cash dividends to stockholders. Insurance expired during the year is $8,000. Supplies remaining on hand at the end of the year equal $3,900. Provide services of $12,800 related to cash paid in advance by customers. Journal entry worksheet