Problem 3-9A Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7)

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The general ledger of Zips Storage at January 1, 2021, includes the following account balances:

Accounts	Debits				Credits
Cash	$	25,100
Accounts Receivable		15,900
Prepaid Insurance		13,000
Land		153,000
Accounts Payable					$	7,200
Deferred Revenue						6,300
Common Stock						148,000
Retained Earnings						45,500
Totals	$	207,000			$	207,000

The following is a summary of the transactions for the year:

1.		January		9		Provide storage services for cash, $139,100, and on account, $54,700.
2.		February		12		Collect on accounts receivable, $52,000.
3.		April		25		Receive cash in advance from customers, $13,400.
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.