Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals 4. May 6 5. July 15 6. September 10 7. October 31 8. November 20 $26,500 17,300 15,800 167,000 9. December 30 $8,600 7,700 The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 162,000 48,300 $226,600 $226,600 Provide storage services for cash, $153,100, and on account, $61,700. Collect on accounts receivable, $53,400. Receive cash in advance from customers, $14,800. Purchase supplies on account, $13,000. Pay property taxes, $10,400. Pay on accounts payable, $13,300. Pay salaries, $142,600. Issue shares of common stock in exchange for $46,000 cash. Pay $4,700 cash dividends to stockholders. Record closing entries. (If no entry is required for a particular transaction/eve lect "No Journal Entry Required" in the first account field.)

Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals 4. May 6 5. July 15 6. September 10 7. October 31 8. November 20 $26,500 17,300 15,800 167,000 9. December 30 $8,600 7,700 The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 162,000 48,300 $226,600 $226,600 Provide storage services for cash, $153,100, and on account, $61,700. Collect on accounts receivable, $53,400. Receive cash in advance from customers, $14,800. Purchase supplies on account, $13,000. Pay property taxes, $10,400. Pay on accounts payable, $13,300. Pay salaries, $142,600. Issue shares of common stock in exchange for $46,000 cash. Pay $4,700 cash dividends to stockholders. Record closing entries. (If no entry is required for a particular transaction/eve lect "No Journal Entry Required" in the first account field.)

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Description: Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. CashAccounts ReceivablePrepaid InsuranceLandAccounts PayableDeferred RevenueCommon Stock

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter16: Financial Statements And Closing Entries For A Corporation

Section: Chapter Questions

Problem 5AP

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