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this all i got Required information 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
this all i got
Required information 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: Credits Debits $ 26,300 17,100 15,400 165,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,400 7,500 160,000 47,900 $223,800 $223,800 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $151, 100, and on account, $60,700. 2. February 12 Collect on accounts receivable, $53,200. 3. April 25 Receive cash in advance from customers, $14,600. 4. May 6 Purchase supplies on account, $12,600. 5. July 15 Pay property taxes, $10,200. 6. September 10 Pay on accounts payable, $13,100. 7. October 31 Pay salaries, $140,600. 8. November 20 Issue shares of common stock in exchange for $44,000 cash. 9. December 30 pay $4,500 cash dividends to stockholders. 8-a. Prepare the income statement for the year ended December 31, 2021. X Answer is not complete. ZIPS STORAGE Income Statement For the Year Ended December 31, 2021 Service Revenue Expenses: > Property Tax Expense Salaries Expense Total Expenses Net Income 0 8-b. Prepare the classified balance sheet for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) Answer is not complete. ZIPS STORAGE Balance Sheet December 31, 2021 Liabilities Current liabilities Assets Current assets Cash Accounts Receivable Prepaid Insurance Supplies $ 168,400 24,600 OOO 0 Total current liabilities Stockholders' Equity 193.000 Total current assets Long-term assets: Land Total stockholders' equity Total liabilities and stockholders' equity 0 0 $ $ 193,000 Total assets Step by Step Solution
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