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The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable Debite 524,000 Credits 15,600 Prepaid
The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable Debite 524,000 Credits 15,600 Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals 12,400 150,000 $6,900 6,000 145,000 44,900 $202,000 $202,000 The following is a summary of the transactions for the year 1. January 9 2. February 12 3. April 25 4. May 6 5. July 15 6. September 10 7. October 11 #. Bovenber 201 9. December 30 Provide storage services for cash, $136,100, and on account, 553,200. Collect on accounts receivable, 551,700. Receive cash in advance from customers, $13,100. Purchase supplies on account, 59.600. Pay property taxes, 58,700. Pay on accounts payable, $11,500. Pay salaries, $125,600. Issue shares of connon stock in exchange for $29,000 cash. Pay $3,000 cash dividende to stockholders. Insurance expired during the year is $7.200. Supplies remaining on hand at the end of the year equal $3,100. Provide services of $12,000 related to cash paid in advance by customers. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the fest account field.) View transaction list View journal entry worksheet < Prev 8 of 8 Next > Save & Ext Submit Check my work
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