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 Conmon Stock Retained Earnings Totals Debits $ 25,300 16, 100 13, 400 155,000 $ 7,400 6,500 150,000 45,000 $209,800 $209,800 The following is a summary of the transactions for the year. 1. January 9 Provide storage services for cash, $141, 100, and on account, $55,700. 2. February 12 Collect on accounts receivable, $52,200 3. April 25 Receive cash in advance from customers, $13,600 4. May 6 Purchase supplies on account, $10,500 5. July 15 Pay property taxes, 59,200 6. September 10 Pay on accounts payable, $12, 100 7. October 31 Pay salaries, $130, 600. 8. November 20 Issue shares of common stock in exchange for $34,000 cash. 9. December 30 Pay $3,500 cash dividends to stockholders: Insurance expired during the year is $7700. Supplies remaining on hand at the end of the year equal $3,600. Provide services of $12.500 related to cash paid in advance by customers. Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account held.) View transaction list Journal entry worksheet 10 11 15 > Record the adjusting entry for supplies remaining on hand at the end of the year equal to $3,600. Note: Enter debits before credits Date General Journal Debit Credit December 31 Record entry Clear entry View general journal Requirement Trial Balance Journal Ledger Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No journal er account field.) View transaction list Journal entry worksheet 1 8 10 11 12 13 15 > .... Record the adjusting entry for revenue earned. Provided services of $12,500 related to cash paid in advance by customers. Note: Enter debits before credits General Journal Date December 31 Debit Credit Record entry Clear entry View general journal Journal entry worksheet