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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 Debits Credits $26,200 17,000 15,200 164,000 $8,300 Deferred Revenue Common Stock Retained Earnings Totals $222,400 7,400 159,000 47,700 $222,400 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, $150, 100, and on account, $60,200. Collect on accounts receivable, $53,100. Receive cash in advance from customers, $14,500. Purchase supplies on account, $12,400. Pay property taxes, $10,100. Pay on accounts payable, $13,000. Pay salaries, $139,600. Issue shares of common stock in exchange for $43,000 cash. Pay $4,400 cash dividends to stockholders.
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