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I need the unadjusted and adjusted trial balances, the income statement and the post closing trial balance of the above information. Problem 3-9A (Algo) Complete
I need the unadjusted and adjusted trial balances, the income statement and the post closing trial balance of the above 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: The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $139,100, and on account, $54,700. 2. February 12 Collect on accounts receivable, $52,000. 3. April 25 Receive cash in advance from customers, $13,400. 4. May 6 Purchase supplies on account, $10,200. 5. July 15 Pay property taxes, $9,000. 6. September 10 Pay on accounts payable, $11,900. 7. October 31 Pay salaries, $128,600. 8. November 20 Issue shares of common stock in exchange for $32,000 cash. 9. December 30 Pay $3,300 cash dividends to stockholders. 4. Prepare an unadjusted trial balance. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2024. 11. Prepare a post-closing trial balance. 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: The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $139,100, and on account, $54,700. 2. February 12 Collect on accounts receivable, $52,000. 3. April 25 Receive cash in advance from customers, $13,400. 4. May 6 Purchase supplies on account, $10,200. 5. July 15 Pay property taxes, $9,000. 6. September 10 Pay on accounts payable, $11,900. 7. October 31 Pay salaries, $128,600. 8. November 20 Issue shares of common stock in exchange for $32,000 cash. 9. December 30 Pay $3,300 cash dividends to stockholders. 4. Prepare an unadjusted trial balance. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2024. 11. Prepare a post-closing trial balanceStep by Step Solution
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