ZIPS STORAGE Post-Closing Trial Balance December 31, 2024 Accounts Accounts Payable Accounts Receivable Cash Common Stock Deferred Revenue Land Retained Earnings Supplies Debit Credit $ 5,300 18,100 107,800 178,000 7,300 $ 152,000 96,400 3,300 Totals $ 281,200 $ 287,000 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 Debits $25,000 Credits 15,800 12,800 152,000 $7,100 6,200 147,000 45,300 $205,600 $205,600 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, $138,100, and on account, $54,200. Collect on accounts receivable, $51,900. Receive cash in advance from customers, $13,300. Purchase supplies on account, $10,000. Pay property taxes, $8,900. Pay on accounts payable, $11,800. Pay salaries, $127,600. Issue shares of common stock in exchange for $31,000 cash. Pay $3,200 cash dividends to stockholders. Problem 3-9A (Algo) Part 11 11. Prepare a post-closing trial balance.
ZIPS STORAGE Post-Closing Trial Balance December 31, 2024 Accounts Accounts Payable Accounts Receivable Cash Common Stock Deferred Revenue Land Retained Earnings Supplies Debit Credit $ 5,300 18,100 107,800 178,000 7,300 $ 152,000 96,400 3,300 Totals $ 281,200 $ 287,000 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 Debits $25,000 Credits 15,800 12,800 152,000 $7,100 6,200 147,000 45,300 $205,600 $205,600 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, $138,100, and on account, $54,200. Collect on accounts receivable, $51,900. Receive cash in advance from customers, $13,300. Purchase supplies on account, $10,000. Pay property taxes, $8,900. Pay on accounts payable, $11,800. Pay salaries, $127,600. Issue shares of common stock in exchange for $31,000 cash. Pay $3,200 cash dividends to stockholders. Problem 3-9A (Algo) Part 11 11. Prepare a post-closing trial balance.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 9SEB: SCHEDULE OF ACCOUNTS RECEIVABLE From the accounts receivable ledger shown, prepare a schedule of...
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Transcribed Image Text:ZIPS STORAGE
Post-Closing Trial Balance
December 31, 2024
Accounts
Accounts Payable
Accounts Receivable
Cash
Common Stock
Deferred Revenue
Land
Retained Earnings
Supplies
Debit
Credit
$
5,300
18,100
107,800
178,000
7,300
$
152,000
96,400
3,300
Totals
$ 281,200 $ 287,000
![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
Debits
$25,000
Credits
15,800
12,800
152,000
$7,100
6,200
147,000
45,300
$205,600
$205,600
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, $138,100, and on account, $54,200.
Collect on accounts receivable, $51,900.
Receive cash in advance from customers, $13,300.
Purchase supplies on account, $10,000.
Pay property taxes, $8,900.
Pay on accounts payable, $11,800.
Pay salaries, $127,600.
Issue shares of common stock in exchange for $31,000 cash.
Pay $3,200 cash dividends to stockholders.
Problem 3-9A (Algo) Part 11
11. Prepare a post-closing trial balance.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F454a734c-0fa4-4e77-8573-cfb8a156541d%2F7822615d-c715-4b96-b84c-413e5b1b4448%2Faf0189c_processed.png&w=3840&q=75)
Transcribed Image Text: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
Debits
$25,000
Credits
15,800
12,800
152,000
$7,100
6,200
147,000
45,300
$205,600
$205,600
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, $138,100, and on account, $54,200.
Collect on accounts receivable, $51,900.
Receive cash in advance from customers, $13,300.
Purchase supplies on account, $10,000.
Pay property taxes, $8,900.
Pay on accounts payable, $11,800.
Pay salaries, $127,600.
Issue shares of common stock in exchange for $31,000 cash.
Pay $3,200 cash dividends to stockholders.
Problem 3-9A (Algo) Part 11
11. Prepare a post-closing trial balance.
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