9 ! Part 5 of 8 0.69 points 01:47:37 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 $25,200 16,000 13,200 154,000 $7,300 6,400 Mc Deferred Revenue Common Stock Retained Earnings Totals 149,000 45,700 $208,400 $208,400 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, $140,100, and on account, $55,200. Collect on accounts receivable, $52,100. Receive cash in advance from customers, $13,500. Purchase supplies on account, $10,400. Pay property taxes, $9,100. Pay on accounts payable, $12,000. Pay salaries, $129,600. Issue shares of common stock in exchange for $33,000 cash. Pay $3,400 cash dividends to stockholders. 9 ! Part 5 of 8 Required information 0.69 points 8 01:46:22 Current assets: Cash Total current assets Long-term assets: Assets > Answer is not complete. ZIPS STORAGE Balance Sheet December 31, 2024 Current liabilities: $ 108,800 Accounts Payable 108,800 Liabilities $ 5,500 Total current liabilities 5,500 Stockholders' Equity Total stockholders' equity 0 Total assets $ 108,800 Total liabilities and stockholders' equity $ 5,500