90.2K

Verified Solution

Link Copied!

What information do you need? be more specifx

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 31 8. Novenber 20 9. Decenber 30 Provide storage services for cash, $142,100, and on account, $56,200. Collect on accounts receivable, $52,380. Receive cash in advance froo custoners, $13,700. Purchase supplies on account, $10,800. Pay property taxes, $9,300. Pay on accounts payabte, $12,200. Pay salaries, $131,600. Issue shares of comson stock in exchange for $35,000 cash. Pay $3,600 cash dividends to stockholders. I Required information \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ December 31, 2024} \\ \hline Accounts & & Debit & Credit \\ \hline Cash & $ & 111,800 & \\ \hline Accounts Receivable & & 20,100 & \\ \hline Prepaid Insurance & & 13,600 & \\ \hline Supplies & & 10,800 & \\ \hline Land & & 156,000 & \\ \hline Accounts Payable & & & 6,100 \\ \hline Deferred Revenue & & & 20,300 \\ \hline Common Stock & & & 186,000 \\ \hline Retained Earnings & & & 46{90> \\ \hline Dividends & & 3,600 & \\ \hline Service Revenue & & & 198,300 \\ \hline Property Tax Expense & & 9,300 & \\ \hline Salaries Expense & & 131,600 & \\ \hline \multicolumn{4}{|l|}{ Insurance Expense } \\ \hline \multicolumn{4}{|l|}{ Supplies Expense } \\ \hline Total & $ & 456,800 & $456,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline & No & Transaction & General Journal & Debit & Credit \\ \hline \multirow[t]{2}{*}{ ' } & 1 & December 31 & Insurance Expense & 7,800 & \\ \hline & & & Prepaid insurance & & 7,800 \\ \hline \multirow[t]{2}{*}{ / } & 2 & December 31 & Supplies Expense & 7,100 & \\ \hline & & t1 & Supplies & & 7,100 \\ \hline \multirow[t]{2}{*}{1} & 3 & December 31 & & & \\ \hline & & December 31 & DelerredRevenueServiceRevenue & 12,600 & 12,600 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline \multicolumn{3}{|c|}{ Unadjusted Trial Balance } \\ \hline \multicolumn{1}{|c|}{ December 31,2024} \\ \hline Accounts & \multicolumn{1}{|c|}{ Debit } & \multicolumn{1}{c|}{ Credit } \\ \hline Cash & 111,800 & \\ \hline Accounts Receivable & 20,100 & \\ \hline Prepaid Insurance & 13,600 & \\ \hline Supplies & 10,800 & \\ \hline Land & 156,000 & \\ \hline Accounts Payable & & $ \\ \hline Deferred Revenue & & \\ \hline Common Stock & & 20,100 \\ \hline Retained Earnings & & 186,000 \\ \hline Dividends & 3,600 & \\ \hline Service Revenue & & \\ \hline Property Tax Expense & & 198,100 \\ \hline Salaries Expense & 9,300 & \\ \hline Insurance Expense & 131,600 & \\ \hline Supplies Expense & & \\ \hline Totals & & \\ \hline \end{tabular} 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 2. February 12 3. April 25 4. May 6 5. July 15 6. September 10 7. October 31 8. November 20 9. December 30 Provide storage services for cash, $142,100, and on account, $56,200. Collect on accounts receivable, $52,300. Receive cash in advance from customers, $13,700. Purchase supplies on account, $10,800. Pay property taxes, $9,300. Pay on accounts payable, $12,200. Pay salaries, $131,600. Issue shares of common stock in exchange for $35,000 cash. Pay $3,600 cash dividends to stockholders. 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, $142,100, and on account, $56,20. 2. February 12 collect on accounts receivable, $52,300. 3. April 25 Receive cash in advance from customers, $13,700. 4. May 6 Purchase supplies on account, $10,800. 5. Juty 15 Pay property taxes, $9,380. 6. September 10 Pay on accounts payable, $12,200. 7. October 31 Pay salaries, \$131,600. 8. Novenber 20 Issue shares of common stock in exchange for $35,000 cash. 9. Decenber 30 Pay $3,6ee cash dividends to stockholders. 7. Prepare an adjusted trial balance