please complete this problem P3-9A

CHAPTER 3 The Accounting Cycle: End of the Period P3-9A The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $ 24,600 15,400 Accounts Receivable Prepaid Insurance Land 12,000 148,000 Accounts Payable Deferred Revenue $ 6,700 5,800 143,000 Common Stock 44,500 Retained Earnings Totals $200,000 $200,000 The following is a summary of the transactions for the year: 1. January 9 2. February 12 Provide storage services for cash, $134,100, and on account, $52,200. Collect on accounts receivable, $51,500. 3. April 25 Receive cash in advance from customers, $12,900. 4. May 15 Purchase supplies on account, $9,200. Pay property taxes, $8,500. Pay on accounts payable, $11,400. 5. July 6. September 10 7. October 8. November 20 9. December 30 31 Pay salaries, $123,600. Issue shares of common stock in exchange for $27,000 cash. Pay $2,800 cash dividends to stockholders. Required: 1. Set up the necessary T-accounts and enter the beginning balances from the trial balance. Irm addition to the accounts shown, the company has accounts for Supplies, Dividends, Service Revenue, Salaries Expense, Property Tax Expense, Supplies Expense, and Insurance Expense. 2. Record each of the summary transactions listed above. 3. Post the transactions to the accounts. 4. Prepare an unadjusted trial balance. 5. Record adjusting entries. Insurance expired during the year is $7,000. Supplies remaining on hand at the end of the year equal $2,900. Provide services of $11,800 related to cash paid in advance by customers. 6. Post adjusting entries. 7. Prepare an adjusted trial balance. 8. Prepare an income statement for 2021 and a classified balance sheet as of December 31, 202. 9. Record closing entries. 10. Post closing entries 11. Prepare a post-closing trial balance. 6