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9 art 4 of 7 83 oints Required information. Problem 3-9A (Algo) Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following
9 art 4 of 7 83 oints Required information. Problem 3-9A (Algo) Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below] The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable. Prepaid Insurance Land Accounts Payable. Debits Credits $25,300 16,100 13,400 155,000 $7,400 Deferred Revenue Common Stock Retained Earnings Totals 6,500 150,000 45,900 $209,800 $209,800 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 1. November 201 9. December 30 Provide storage services for cash, $141,100, and on account, $55,700. Collect on accounts receivable, $52,200. Receive cash in advance from customers, $13,600. Purchase supplies on account, $10,600. Pay property taxes, $9,200. Pay on accounts payable, $12,100. Pay salaries, $130,600. Issue shares of common stock in exchange for $34,000 cash. Pay $3,500 cash dividends to stockholders. Problem 3-9A (Algo) Part 7 7. Prepare an adjusted trial balance. Problem 3-9A (Algo) Part 7 7. Prepare an adjusted trial balance. Answer is not complete. ZIPS STORAGE Adjusted Trial Balance Cash Accounts Receivable Prepaid Insurance Supplies December 31, 2024 Accounts Debit Credit $ 110,800 ( 19,600 7,700 x 7,000 Land 155,000 Accounts Payable 5,900 Deferred Revenue 12.500 Common Stock 184,000 Retained Earnings 45,900 Dividends 3,500 Service Revenue 12,500 Property Tax Expense 9,200 Salaries Expense 130,600 Insurance Expense 7,700 Supplies Expense 7,000 Total $ 451,100 $ 267,800
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