The General Ledger of Zips Storage Solutions at December 22, 2017 is provided. Zips Storage Uses a Perpetual Inventory System. Please help answer all the questions, thanks.

e Problem The general ledger of Zips Storage Solutions at December 22, 2017 is provided. Zips Storage uses a perpetual inventory system The following are the transactions for the last week of December (the last month of Zip's fiscal year) December 23 December 24 December 27 Purchased inventory for $15,250 on account, terms 2/10, N/30. Returned $750 of inventory purchased 12/22 due to a problem with the order. Paid for the inventory purchased on 12/22. Sold 550 storage bins on account at a price of S5 each with a cost of $4 per bin Received payment on an account previously written off from customer who is attempting to purchase a house and wanted to clear their credit report, $1,750. December 28 December 30 Required: 1. Record each of the summary transactions listed above. (15 points) 2. Post the transactions to the accounts. (7.5 points) 3. Complete the worksheet. (15.5 points) A. Insurance expired during the year is $8,000. B. Supplies remaining on hand at the end of the year equal $3,000. C. Depreciation on the equipment of $2,500. D. Zips Storage Solutions estimates the percentage of uncollectible accounts to be 2096 ofreceivables. The note payable is a 6%, 2-year note dated 6/1/2016. E. 4. Journalize the necessary adjusting entries. (10 points) 5. Post the adjusting entries. (5 points) 6. A. Prepare the income statement for the year ended December 31, 2017 (7.5 points) B. Prepare the statement of stockholders' equity for the year ended December 31, 2017 (5 points) C. Prepare a classified balance sheet as of December 31, 2017 (10.5 points). 7. Record the closing entries (14 points). 8. Post the closing entries (7 points) 9. Prepare a post-closing trial balance (7.5 points)