From the following Company R adjusted trial balance, prepare the following: 1. Income Statement 2. Retained Earnings Statement 3. Balance Sheet (simple-unclassified) 4. Closing journal entries 5. Post-Closing Trial Balance Adjusted Trial Balance Debit Credit $ 44,000 13,800 6,400 16,000 Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Salaries Payable Common Stock Retained Earnings Dividends $ 14,900 4,500 31,000 10,200 12,000 86,000 Service Revenue Insurance Expense Salaries Expense Miscellaneous Expense 7,600 32,000 14,800 $146,600 $146,600

Subject:

The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Credits Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals 8. November 20 9. December 30 Requirement 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 Provide storage services for cash, $144,100, and on account, $57,200. Collect on accounts receivable, $52,500. General Journal Receive cash in advance from customers, $13,900. Purchase supplies on account, $11,200. Pay property taxes, $9,500. Pay on accounts payable, $12,400. Pay salaries, $133,600. Issue shares of common stock in exchange for $37,000 cash. Pay $3,800 cash dividends to stockholders. Insurance expired during the year is $8,000. Supplies remaining on hand at the end of the year equal $3,900. Provide services of $12,800 related to cash paid in advance by…

Use the Adjusted Trial Balance below for the Year Ended December 31, 2020 to complete the Income Statement, Statement of Stockholder's Equity, and Balance Sheet. Statement formats are included on the Exam 1 format document. M4 Engineering Use the $ dollar sign convention on all statements Debit Credit Cash 25,000 Accounts Receivable 7,500 Supplies Building 500 100,000 Accum. Depreciation 37,500 Accounts Payable 8,000 Notes Payable 12,500 Common Stock 5,000 Retained Earnings 10,000 Dividends 3,750 Fees Earned 85,500 Advertising Expense 10,000 Telephone Expense 6,250 Depreciation Expense 5.500 Total 158,500 158.500