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(Solved): The general ledger of Zips Storage at January 1, 2024, includes the following account balances: The ...




The general ledger of Zips Storage at January 1, 2024, includes the following account balances:
The following is a summary of
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\hline Requirement & General Journal & General Ledger & Trial Balance & Income Statement \\
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, \( \$ 152,100 \), 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. Moy 6 Purchase supplies on account, \( \$ 12,800 \). 5. July 15 Pay property taxes, \( \$ 10,300 \). 6. Septeaber 10 Pay on accounts payable, \( \$ 13,200 \). 7. October 31 Pay salories, \( \$ 141,600 \). a. November 20 issue shares of common stock in exchange for \( \$ 45,000 \) cash. 9. December 30 Pey \( \$ 4,660 \) cash dividends to stockholdens. \begin{tabular}{|l|c|c|c|c|c|c|} \hline Requirement & General Journal & General Ledger & Trial Balance & Income Statement \\ \hline \end{tabular}


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Step 1 Balance Sheet :— It is one of the financial statement that shows list of final balances of assets, liabilities and owner's equity. Assets :— It is the resources that is owned by company. Liabilities :— It is the present obligation of company t
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