13 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 1. January 9 2. February 12 3. April 25 Debits $24,700 15,500 12,200 149,000 4. May 6 5. July 15 6. September 10 7. October 31 8. November 20 9. December 30 $201,400 Credits $6,800 5,900 The following is a summary of the transactions for the year: 144,000 44,700 $201,400 Provide storage services for cash, $135, 100, and on account, $52,700. Collect on accounts receivable, $51,600. Receive cash in advance from customers, $13,000. Purchase supplies on account, $9,400. Pay property taxes, $8,600. Pay on accounts payable, $11,500. Pay salaries, $124,600. Issue shares of common stock in exchange for $28,000 cash. Pay $2,900 cash dividends to stockholders.
13 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 1. January 9 2. February 12 3. April 25 Debits $24,700 15,500 12,200 149,000 4. May 6 5. July 15 6. September 10 7. October 31 8. November 20 9. December 30 $201,400 Credits $6,800 5,900 The following is a summary of the transactions for the year: 144,000 44,700 $201,400 Provide storage services for cash, $135, 100, and on account, $52,700. Collect on accounts receivable, $51,600. Receive cash in advance from customers, $13,000. Purchase supplies on account, $9,400. Pay property taxes, $8,600. Pay on accounts payable, $11,500. Pay salaries, $124,600. Issue shares of common stock in exchange for $28,000 cash. Pay $2,900 cash dividends to stockholders.
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 12SPA: SCHEDULE OF ACCOUNTS RECEIVABLE Based on the information provided in Problem 10-11A, prepare a...
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![13
!
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
1. January 9
2. February 12
3. April 25
4. May 6
5. July 15
6. September 10
7. October 31
Debits
$24,700
15,500
12,200
149,000
8. November 20
9. December 30
$201,400
The following is a summary of the transactions for the year.
Credits
$6,800
5,900
Pay property taxes, $8,600.
Pay on accounts payable, $11,500.
144,000
44,700
$201,400
Provide storage services for cash, $135, 100, and on account, $52,700.
Collect on accounts receivable, $51,600.
Receive cash in advance from customers, $13,000.
Purchase supplies on account, $9,400.
Pay salaries, $124,600.
Issue shares of common stock in exchange for $28,000 cash.
Pay $2,900 cash dividends to stockholders.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffab3cc17-340b-44cf-840a-1255cd02c78f%2Fefb16184-554e-4fdf-95e5-466e28d5422a%2Fxd64ktf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:13
!
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
1. January 9
2. February 12
3. April 25
4. May 6
5. July 15
6. September 10
7. October 31
Debits
$24,700
15,500
12,200
149,000
8. November 20
9. December 30
$201,400
The following is a summary of the transactions for the year.
Credits
$6,800
5,900
Pay property taxes, $8,600.
Pay on accounts payable, $11,500.
144,000
44,700
$201,400
Provide storage services for cash, $135, 100, and on account, $52,700.
Collect on accounts receivable, $51,600.
Receive cash in advance from customers, $13,000.
Purchase supplies on account, $9,400.
Pay salaries, $124,600.
Issue shares of common stock in exchange for $28,000 cash.
Pay $2,900 cash dividends to stockholders.
Transcribed Image Text:7. Prepare an adjusted trial balance.
Accounts
Cash
Accounts Receivable
Prepaid Insurance
Supplies
Land
Accounts Payable
Deferred Revenue
Common Stock
Retained Earnings
Dividends
ZIPS STORAGE
Adjusted Trial Balance
December 31, 2024
Service Revenue
Property Tax Expense
Salaries Expense
Insurance Expense
Supplies Expense
Total
$
Debit
0 $
Credit
0
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