Question: Problem 3 - 9 A ( Algo ) Complete the full accounting cycle ( LO 3 - 3 , 3 - 4 , 3 -
Problem A Algo Complete the full accounting cycle LO
The following information applies to the questions displayed below.
The general ledger of Zips Storage at January includes the following account balances:
The following is a summary of the transactions for the year:
January Provide storage services for cash, $ and on account, $
February Collect on accounts receivable, $
April Receive cash in advance from customers, $
May Purchase supplies on account, $
July Pay property taxes, $
September Pay on accounts payable, $
October Pay salaries, $
November Issue shares of common stock in exchange for $ cash.
December Pay $ cash dividends to stockholders.
Problem A Algo Parts and
& Post the transactions, adjusting entries and closing entries to the accounts. Be sure to include beginning balances.
Problem A Algo Complete the full accounting cycle LO
The following information applies to the questions displayed below.
The general ledger of Zips Storage at January includes the following account balances:
tableAccountsDebits,CreditsCash$Accounts Receivable,Prepaid Insurance,LandAccounts Payable,,$Deferred Revenue,,Common Stock,,Retained Earnings,,Totals$$
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