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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.] The
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 Retained Earnings Totals 5. July 15 6. September 10 7. October 31 November 20 8. 9. December 30 Debits $26,400 17,200 15,600 166,000 $225, 200 Credits The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 4. May 6 $8,500 7,600 161,000 48, 100 $225, 200 Provide storage services for cush, $152,100, and on account, $61,200. Collect on accounts receivable, $53,300. Problem 3-9A (Algo) Part 2 Receive cash in advance from customers, $14,700. Purchase supplies on account, $12,800. Pay property taxes, $10,300. Pay on accounts payable, $13,200. Pay salaries, $141,600. Issue shares of common stock in exchange for $45,000 cash. Pay $4,600 cash dividends to stockholders.
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