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 Debits $ 26,400 17,200 15,600 166,000 $ 8,500 7,600 161,000 48,100 $225,200 Totals $225,200 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $152,100, and on account, $61,200. 2. February 12 Collect on accounts receivable, $53,300. 3. April 25 Receive cash in advance from customers, $14,700. 4. May 6 Purchase supplies on account, $12,800. 5. July 15 Pay property taxes, $10,300. 6. September 10 Pay on accounts payable, $13,200. 7. October 31 Pay salaries, $141,600. 8. November 20 Issue shares of common stock in exchange for $45,000 cash. 9. December 30 Pay $4,600 cash dividends to stockholders. Insurance expired during the year is $8,800. Supplies remaining on hand at the end of the year equal $4,700. Provide services of $13,600 related to cash paid in advance by customers. Journal entry worksheet 2 3 4 5 6 7 8 ..... 15 Record the providing of storage services for cash $152,100, and on account, $61,200. Note: Enter debits before credits. General Journal Debit Credit Date January 09 Record entry Clear entry View general journal Journal entry worksheet Record the collection on accounts receivable, $53,300. Note: Enter debits before credits. Date General Journal Debit Credit February 12 Record entry Clear entry View general journal Journal entry worksheet