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. 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 pald in advance by customers. General Requirement General Income Journal Ledger Thal Balance Statement Balance Sheet 1. Record each of the transactions listed above in the "General Journal' tab (these are shown as items 1 - 9). Review the "General Ledger' and the Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab (these are shown as items 10-12). 3. Review the adjusted Trial Balance as of December 31, 2021. 4. Prepare an income statement for the period ended December 31, 2021, in the Income Statement tab. 5. Prepare a classified balance sheet as of December 31, 2021 in the Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab (these are shown as Items 13-15). Beg General Journal >