Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals Debits $25,100 15,900 13,000 153,000 Credits $7,200 6,300 148,000 45,500 $207,000 $207,000 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 31 8. November 20 9. December 30 Provide storage services for cash, $139, 100, and on account, $54,700 Collect on accounts receivable, $52,000. Receive cash in advance from customers, $13,400. Purchase supplies on account, $10,200. Pay property taxes, $9,000. Pay on accounts payable, $11,900. Pay salaries, $128,600. Issue shares of common stock in exchange for $32,000 cash. Pay $3,300 cash dividends to stockholders.
Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals Debits $25,100 15,900 13,000 153,000 Credits $7,200 6,300 148,000 45,500 $207,000 $207,000 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 31 8. November 20 9. December 30 Provide storage services for cash, $139, 100, and on account, $54,700 Collect on accounts receivable, $52,000. Receive cash in advance from customers, $13,400. Purchase supplies on account, $10,200. Pay property taxes, $9,000. Pay on accounts payable, $11,900. Pay salaries, $128,600. Issue shares of common stock in exchange for $32,000 cash. Pay $3,300 cash dividends to stockholders.
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 12SPA: SCHEDULE OF ACCOUNTS RECEIVABLE Based on the information provided in Problem 10-11A, prepare a...
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![18
Accounts
Cash
Accounts Receivable.
Prepaid Insurance
Land
Accounts Payable
Deferred Revenue
Common Stock
Retained Earnings
Totals
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
The following is a summary of the transactions for the year:
Accounts
Cash
Accounts Receivable
Prepaid Insurance
Supplies
Land
Accounts Payable.
Deferred Revenue
7. Prepare an adjusted trial balance.
Common Stock
Retained Earnings
Dividends
Service Revenue
Property Tax Expense
Salaries Expense
Insurance Expense
Provide storage services for cash, $139, 100, and on account, $54,700
Collect on accounts receivable, $52,000.
Receive cash in advance from customers, $13,400.
Purchase supplies on account, $10,200.
Pay property taxes, $9,000.
Pay on accounts payable, $11,900.
Pay salaries, $128,600.
ZIPS STORAGE
Adjusted Trial Balance
December 31, 2024
Debits Credits
$25,100
15,900
13,000
153,000
Issue shares of common stock in exchange for $32,000 cash.
Pay $3,300 cash dividends to stockholders.
148,000
45,500
$207,000 $207,000
Answer is not complete.
Debit
$ 108,800
18,600
13,000 X
10,200 x
153,000
3,300
9,000
128,600
$
$7,200
6,300
Credit
5,500
19,700 x
180,000
45,500
193,800](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa71fdef6-625b-4f6b-ba60-dc697dcf35aa%2Ff0719862-4883-4815-829b-6f17ec3bb755%2Fa6alcss_processed.jpeg&w=3840&q=75)
Transcribed Image Text:18
Accounts
Cash
Accounts Receivable.
Prepaid Insurance
Land
Accounts Payable
Deferred Revenue
Common Stock
Retained Earnings
Totals
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
The following is a summary of the transactions for the year:
Accounts
Cash
Accounts Receivable
Prepaid Insurance
Supplies
Land
Accounts Payable.
Deferred Revenue
7. Prepare an adjusted trial balance.
Common Stock
Retained Earnings
Dividends
Service Revenue
Property Tax Expense
Salaries Expense
Insurance Expense
Provide storage services for cash, $139, 100, and on account, $54,700
Collect on accounts receivable, $52,000.
Receive cash in advance from customers, $13,400.
Purchase supplies on account, $10,200.
Pay property taxes, $9,000.
Pay on accounts payable, $11,900.
Pay salaries, $128,600.
ZIPS STORAGE
Adjusted Trial Balance
December 31, 2024
Debits Credits
$25,100
15,900
13,000
153,000
Issue shares of common stock in exchange for $32,000 cash.
Pay $3,300 cash dividends to stockholders.
148,000
45,500
$207,000 $207,000
Answer is not complete.
Debit
$ 108,800
18,600
13,000 X
10,200 x
153,000
3,300
9,000
128,600
$
$7,200
6,300
Credit
5,500
19,700 x
180,000
45,500
193,800
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