Please do not give solution in image format thanku Required informationProblem 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:AccountsCashAccounts ReceivablePrepaid InsuranceLandAccounts PayableDeferred RevenueCommon StockRetained EarningsTotalsDebits$ 25, 1001. January2. February3. April4. May15,90013,000153,000Credits$ 7,2006,300148,00045,500$207,000 $207,000The following is a summary of the transactions for the year:9 Provide storage services for cash, $139, 100, and on account, $54,700.12 Collect on accounts receivable, $52,000.25 Receive cash in advance from customers, $13,400.6 Purchase supplies on account, $10,200.15 Pay property taxes, $9,000.5. July6. September 10 Pay on accounts payable, $11,900.7. October31 Pay salaries, $128,600.8. November 20 Issue shares of common stock in exchange for $32,000 cash.9. December 30 Pay $3,300 cash dividends to stockholders. Problem 3-9A Part 44. Prepare an unadjusted trial balance.AccountsCashAccounts ReceivablePrepaid InsuranceSuppliesLandAccounts PayableDeferred RevenueCommon StockRetained EarningsDividendsService RevenueProperty Tax ExpenseSalaries ExpenseInsurance ExpenseSupplies ExpenseTotalsZIPS STORAGEUnadjusted Trial BalanceDecember 31, 2021$Debit0 $< PrevCredit04 5 610

Statement that shows the ending balance of all the ledger accounts of a firm at the end of the…

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: Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals Debits $ 25,100 15,900 13,000 153,000 Credits $ 7,200 6,300 148,000 45,500 $207,000 $207,000 The following is a summary of the transactions for the year: 9 Provide storage services for cash, $139, 100, and on account, $54,700. 12 Collect on accounts receivable, $52,000. 25 Receive cash in advance from customers, $13,400. 1. January 2. February 3. April 4. May 6 Purchase supplies on account, $10,200. 5. July 15 Pay property taxes, $9,000. 6. September 10 Pay on accounts payable, $11,900. 7. October 31 Pay salaries, $128,600. 8. November 20 Issue shares of common stock in exchange for $32,000 cash. 9. December 30 Pay $3,300 cash dividends to stockholders.

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: Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals Debits $ 25,100 15,900 13,000 153,000 Credits $ 7,200 6,300 148,000 45,500 $207,000 $207,000 The following is a summary of the transactions for the year: 9 Provide storage services for cash, $139, 100, and on account, $54,700. 12 Collect on accounts receivable, $52,000. 25 Receive cash in advance from customers, $13,400. 1. January 2. February 3. April 4. May 6 Purchase supplies on account, $10,200. 5. July 15 Pay property taxes, $9,000. 6. September 10 Pay on accounts payable, $11,900. 7. October 31 Pay salaries, $128,600. 8. November 20 Issue shares of common stock in exchange for $32,000 cash. 9. December 30 Pay $3,300 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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