Problem 3-9A Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) (GL) The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Hevenue Coron Stock Retained Earnings Totals Debit $ 24, 15,60 12,400 150, eo $ 6,90 5. 145, 44,00 5202,800 3202, The following is a summary of the transactions for the year 1. January provide storage services for cash, soccount: 553,200. 2. February 12 Collect on accounts receivable, $1.700 3. April 25 Receive cash in advance from custom 4. May 6 Purchase fupplies or account 5. July 15 Pay property taxes, $8,700 6. September 10 Pay on counts ayable $11.6 October 31 Day salaries, as # November 28 Issue thares of contacter on a 9. December 10 way 33, ca dividends to rock Insurance expired during the year is $7,200 Supples remaining on hand at the end of the year equal $3,100. Provide services of $12.000 related to cash pald in advance oy customers Paeuirement) General Souma 3 Ledger Trillo nem Statement Balance sheet Prepare the journal entries for transaction. It is recured for treation wit Belect "joomatter the first account fald Journal entry worksheet 2 3 4 5 15 Racore the prouding of storage service for cash 3:3 100. und on account $31.200 References Prepare the journal entries for transactions. (If no entry is required for a transaction/event, sel account field.) View transaction list X 1 15 > Record the providing of storage services for cash $136,100, and on account, $53,200. sount 2 Record the collection on accounts receivable, $51,700. el 3 Record the receipt of cash in advance received from customers, $13,100. 4 Record the purchase of supplies on account, $9,600. Credit 5 Record the payment of property taxes, $8,700 paid. 6 Record the payment on accounts payable, $11.600. Record the payment of salaries, $125.600. Note: = journal entry has been entered View general journal Record entry Clear entry View transaction list 7 Record the payment of salaries, $125,600. 15 8 Record the issuance of shares of common stock in exchange for $29,000 cash. count, 9 Record the payment of $3,000 cash dividends paid to stockholders. 10 Record the adjusting entry for insurance expired during the year, $7.200. Credit 11 Record the adjusting entry for supplies remaining on hand at the end of the year equal to $3,100. 12 Record the adjusting entry for revenue earned. Provided services of $12,000 related to cash paid in advance by = journal entry has been entered Note: Record entry Clear entry View general journal View transaction list x 15 10 Record the adjusting entry for insurance expired during the year, $7,200. scount, 11 Record the adjusting entry for supplies remaining on hand at the end of the year equal to $3,100. 12 Record the adjusting entry for revenue earned. Provided services of $12,000 related to cash paid in advance by customers. Credit 13 Record the closing entry for revenue. 14 Record the closing entry for expenses. 315 Record the closing entry for cash dividends. Note: = journal entry has been entered Record entry Clear entry View general jo 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: nts Skipfo Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals Debits Credits $ 24,800 15,600 12,400 150, eee $ 6,900 6,000 145,000 44,900 $ 202,888 $202,800 eBook Ack The following is a summary of the transactions for the year. Reference: 1. January 9 Provide storage services for cash. $136, 189, and on account. $53,200. 2. February 12 Collect on accounts receivable. $51,78e. 3. April 25 Receive cash in advance from customers, $13.100. 4. May 6 Purchase supplies on account, 59,600. 5. July 15 Pay property taxes. $8,700. 6. September 10 Pay on accounts payable, $11,6ee. 7. October 31 Pay salaries, $125,6ee. 8. November 20 Issue shares of Coron stock in exchange for $29.000 cash 9. December 30 Pay $3,000 caste dividends to stockholders Insurance expired during the year is $7.200. Supples remaining on hand at the end of the year equa $12.000 related to cash paid in advance by customers tre