26 es 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 5. July 15 6. September 10 7. October 31 8. November 20 9. December 30 $209,800 The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 4. May 6 Debits $25,300 16,100 13,400 155,000 $7,400 6,500 150,000 45,900 $209,800 Provide storage services for cash, $141,100, and on account, $55,700. Collect on accounts receivable, $52,200. Receive cash in advance from customers, $13,600. Purchase supplies on account, $10,600. Pay property taxes, $9,200. Pay on accounts payable, $12,100. Problem 3-9A (Algo) Part 4 4. Prepare an unadjusted trial balance. Pay salaries, $130,600. Issue shares of common stock in exchange for $34,000 cash. Pay $3,500 cash dividends to stockholders.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
0 $
Credit
0
Transcribed Image Text: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 0 $ Credit 0
26
es
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
5. July 15
6. September 10
7. October 31
8. November 20
9. December 30
The following is a summary of the transactions for the year:
1. January 9
2. February 12
3. April 25
4. May 6
Debits
$25,300
16,100
13,400
155,000
$7,400
6,500
150,000
45,900
$209,800 $209,800
Provide storage services for cash, $141,100, and on account, $55,700.
Collect on accounts receivable, $52,200.
Receive cash in advance from customers, $13,600.
Purchase supplies on account, $10,600.
Pay property taxes, $9,200.
Pay on accounts payable, $12,100.
Pay salaries, $130,600.
Problem 3-9A (Algo) Part 4
4. Prepare an unadjusted trial balance.
Issue shares of common stock in exchange for $34,000 cash.
Pay $3,500 cash dividends to stockholders.
Transcribed Image Text:26 es 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 5. July 15 6. September 10 7. October 31 8. November 20 9. December 30 The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 4. May 6 Debits $25,300 16,100 13,400 155,000 $7,400 6,500 150,000 45,900 $209,800 $209,800 Provide storage services for cash, $141,100, and on account, $55,700. Collect on accounts receivable, $52,200. Receive cash in advance from customers, $13,600. Purchase supplies on account, $10,600. Pay property taxes, $9,200. Pay on accounts payable, $12,100. Pay salaries, $130,600. Problem 3-9A (Algo) Part 4 4. Prepare an unadjusted trial balance. Issue shares of common stock in exchange for $34,000 cash. Pay $3,500 cash dividends to stockholders.
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