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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.]
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 es Debits $25,400 Credits 16,200 13,600 156,000 $7,500 6,600 151,000 46,100 Retained Earnings Totals $211,200 $211,200 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 cash, $142,100, and on account, $56,200. Collect on accounts receivable, $52,300. Receive cash in advance from customers, $13,700. Purchase supplies on account, $10,800. Pay property taxes, $9,300. Pay on accounts payable, $12,200. Pay salaries, $131,600. Issue shares of common stock in exchange for $35,000 cash. Pay $3,600 cash dividends to stockholders. Problem 3-9A (Algo) Part 4 4. Prepare an unadjusted trial balance. ZIPS STORAGE Unadjusted Trial Balance December 31, 2024 Accounts Debit Credit Cash Accounts Receivable Prepaid Insurance Supplies 10,800 Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Dividends Service Revenue Property Tax Expense 3,600 20,300 186,000 9,300 Salaries Expense 131,600 Insurance Expense Supplies Expense Totals $ 155,300 $ 206,300
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