- Ces Required Information Problem 3 9a Algo Complete The Full Accounting Cycle Lo3 3 3 4 3 5 3 6 3 7 The Followi 1 (46.84 KiB) Viewed 13 times
- Ces Required Information Problem 3 9a Algo Complete The Full Accounting Cycle Lo3 3 3 4 3 5 3 6 3 7 The Followi 2 (53.94 KiB) Viewed 13 times
ces 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: Credits Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals 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 $219,600 The following is a summary of the transactions for the year: Debits $26,000 16,800 14,800 162,000 $8,100 7,200 157,000 47,300 $219,600 Provide storage services for cash, $148, 100, and on account, $59,200. Collect on accounts receivable, $52,900. Receive cash in advance from customers, $14,300. Purchase supplies on account, $12,000. Pay property taxes, $9,900. Pay on accounts payable, $12,800. Pay salaries, $137,600. Problem 3-9A (Algo) Part 4 Issue shares of common stock in exchange for $41,000 cash.. Pay $4,200 cash dividends to stockholders. an unadjusted trial balance.
Problem 3-9A (Algo) Part 4 4. Prepare an unadjusted trial balance. Accounts Cash Accounts Receivable Prepaid Insurance Supplies Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Dividends Service Revenue Property Tax Expense Salaries Expense Insurance Expense Supplies Expense Totals ZIPS STORAGE Unadjusted Trial Balance December 31, 2024 $ Debit 14,800 12,000 162,000 188,800 $ Credit 0