prepare an unadjusted trial balance, adjusted trial balance, income statement, and balance sheet!
Problem 3-9A Complete the full accounting cycle ( LO3-3, 3-4, 3-5, 3-6, 3-7) The general ledger of Zips Storage at January 1, 2021, includes the following account balances: The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $134,100, and on account, $52,200. 2. February 12 collect on accounts receivable, $51,500. 3. April 25 Receive cash in advance from customers, $12,900. 4. May 6 Purchase supplies on account, $9,200. 5. July 15 Pay property taxes, $8,500. 6. September 10 Pay on accounts payable, $11,400. 7. October 31 Pay salaries, $123,600. 8. November 20 Issue shares of common stock in exchange for $27,000 cash. 9. December 30 Pay $2,800 cash dividends to stockholders. Problem 3-9A Part 4 4. Prepare an unadjusted trial balance. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2021. 8-b. Prepare the classified balance sheet for the year ended December 31,2021 . (Amounts to be deducted should be indicated by a minus sign.) 4. Prepare an unadjusted trial balance. Problem 3-9A Complete the full accounting cycle ( LO3-3, 3-4, 3-5, 3-6, 3-7) The general ledger of Zips Storage at January 1, 2021, includes the following account balances: The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $134,100, and on account, $52,200. 2. February 12 collect on accounts receivable, $51,500. 3. April 25 Receive cash in advance from customers, $12,900. 4. May 6 Purchase supplies on account, $9,200. 5. July 15 Pay property taxes, $8,500. 6. September 10 Pay on accounts payable, $11,400. 7. October 31 Pay salaries, $123,600. 8. November 20 Issue shares of common stock in exchange for $27,000 cash. 9. December 30 Pay $2,800 cash dividends to stockholders. Problem 3-9A Part 4 4. Prepare an unadjusted trial balance. 7. Prepare an adjusted trial balance. 8-a. Prepare the income statement for the year ended December 31, 2021. 8-b. Prepare the classified balance sheet for the year ended December 31,2021 . (Amounts to be deducted should be indicated by a minus sign.) 4. Prepare an unadjusted trial balance