Question: 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

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: The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $149,100, and on account, $59,709. 2. February 12 Collect on accounts receivable, 553,0ee. 3. April 25 Recelve cash in advance from customers, $14,400. 5. May 6 Purchase supplies on account, $12,200. 6. Septenber 10 Pay on accounts payable, 512,900 . 7. october 31 Pay salaries, \$139, 600 . 8. Nevenber 20 Issue shares of comon stock in exchange for $42,000 cash. 9. Deceaber 30 Pey $4,300 cosh dividends to stockholders. Problem 3-9A (Algo) Part 4 4. Prepare an unadjusted trial balance. The following is a summary of the transactions for the year. 1. January 9 Provide storage services for cash, 5149,100 , and on account, 559, 200. 2. February 12 Collect on accounts receivable, $53,609. 3. April 25 Receive cash in advance from customers, 514,409. 4. May 6 Purchase supplies on account, $12,200. 5. July 15 Pay property taxes, \$1e,eee. 6. Septerber 10 Pay on accounts payable, $12,900. 7. October 31 Pay salaries, $138,600. 8. Novenber 20 Issue shares of comon stock in exchange for 542,000 cash. 9. December 30 pay $4,300 cash dividends to stockholders. Problem 3.9A (Algo) Part 4 4. Prepare an unadjusted trial balance
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
