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f d Scenario Zions, Inc. is a small rental company in the Seattle area. The company purchases land and other long-term assets, then rents
f d Scenario Zions, Inc. is a small rental company in the Seattle area. The company purchases land and other long-term assets, then rents those assets out to other companies. They used to also rent houses and apartments, but they have found that business clients default less and tend to return items in better shape than private individuals. Zions, Inc.'s accounting staff is usually pretty good at keeping up with transactions, budgeting, and other challenges, but recent trouble in the markets has forced the accounting staff to focus on modeling, internal audits, and investment strategies. So, they have hired you to jump in and finish up the accounting cycle for this year: making the last of the journal entries for the period, posting, creating trial balances, etc. Walk through the different spreadsheets to complete the accounting cycle for the fiscal year ending June 30, 2022. ou Zions, Inc. has 15,000,000 shares of $2 par value common stock authorized, with 3,703,500 shares outstanding in 2022.
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