Required information [The following information applies to the questions displayed below.] The general ledger of...
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Accounting
Required information [The following information applies to the questions displayed below.] The general ledger of Zips Storage at January 1, 2024, Includes the following account balances: The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $153,190, and on account, $61,790. 2. February 12 collect on accounts receivable, $53,49. 3. April 25 Receive cash in advance from customers, $14,800. 4. May 6 Purchase supplies on account, $13,90. 5. July 15 Pay property taxes, \$10,400. 6. September 19 pay on accounts payable, $13,309. 7. October 31 Pay salaries, $142,60. 8. November 2 Issue shares of common stock in exchange for $46,0cash. 9. December 39 Pay $4,790 cash dividends to stockholders. 8-a. Prepare the Income statement for the year ended December 31, 2024. 8-b. Prepare the classified balance sheet for the year ended December 31, 2024
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