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ok int erences 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
ok int erences 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 Deferred Revenue Common Stock Retained Earnings. Totals Debits $25,800 Credits 16,600 14,400 160,000 $7,900 7,000 155,000 46,900 $216,800 $216,800 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 8. November 20 9. December 30 Provide storage services for canh, $146,100, and on account, $58,200. Collect on accounts receivable, $52,700. Receive cash in advance from customers, $14,100. Purchase supplies on account, $11,600. Pay property taxes, $9,700. Pay on accounts payable, $12,600. Pay salaries, $135,600. Issue shares of common stock in exchange for $39,000 cash. Pay $4,000 cash dividends to stockholders. Problem 3-9A (Algo) Part 5 5. Record adjusting entries. Insurance expired during the year is $8,200. Supplies remaining on hand at the end of the year equal $4,100. Provide services of $13,000 related to cash paid in advance by customers. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
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