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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
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, $149,100, and on account, $59,700. 2. Februark 12 Collect on accounts receivable, $53,000. 3. April 25 Receive cash in advance from customers, $14,400. 4. May 6 Purehase nupplies on account, $12,200. 5. July 15 Pay property taxes, $10,000. 6. September 10 pay on accounts payable, $12,900. 7. October 31 Pay anlariel, $138,600. 8. November 20 Tssue thares of common atock in exchange for $42,000cash. 9. December 30 Pay $4,300 canh dividends to stockholders. Required information ZIPS STORAGE Journal entry worksheet Record the adjusting entry for insurance expired during the year of $8,500. Note: Enter debits before credits. Supplies remaining on hand at the end of the year equal $4,400. Record the adjusting entry. Note: Enter debits before credits. Journal entry worksheet Provide services of $13,300 related to cash paid in advance by customers. Record the adjusting entry. Note: Enter debits before credits
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