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 Debits Credits $25,900 16,700 14,600 161,000 $8,000 7,100 156,000 47,100 $218,200 $218,200 The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 4. May 6 5. July 15 6. September 10 7. October 31 B. November 20 9. December 30 Provide storage services for cash, $147,100, and on account, $58,700. Collect on accounts receivable, $52,800. Receive cash in advance from customers, $14,200. Purchase supplies on account, $11,800. Pay property taxes, $9,800. Pay on accounts payable, $12,700. Pay salaries, $136,600. Issue shares of common stock in exchange for $40,000 cash. Pay $4,100 cash dividends to stockholders. Required information View transaction list Journal entry worksheet < 2 3 4 5 6 7 9 Provide storage services for cash, $147,100, and on account. $58,700. Notic Enter debts before credits Transaction January 00 General Journal Debi C cory Cl # W 3 S X 24 Required information View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Collect on accounts receivable, $52,800. Nobe Enter debits before credits Transaction February 12 General Journal Debil Cred Recorder Clearoy 2 W3 # 2 0+ 66 E R S X D 55 LL Required information View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Receive cash in advance from customers, $14,200, Note: Enter debits before cre Transaction Apr25 General Journal Debil Credit Record entry Clear entry View general joumal 94 6 Y # 43 M W S D E G H 800 B quired information ew transaction list Journal entry worksheet 12 3 4 5 6 7 8 9 Purchase supplies on account, $11,800. Note: Enter debts before credits Transaction May 06 General Journal Debit Credit Record entry Clear entry # 63 64 View general journal onk View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Pay property taxes, $9,800. Note: Enter debts before credits. Transaction General Journal Debit Credit July 15 Record entry Clarinbry 42+ X $ 64 83 W S E D N 93 LL 55 % 98 View general journal < Prev 56 12. of 12 G 8 9 Y & 7 A H X C V B N M Required information View transaction list Journal entry worksheet < 1 2 3 4 Pay on accounts payable, $12,700. Note: Enter debits before credits Transaction September 10 5 6 7 B 9 General Journal Debit Credit Record entry Clear entry LY # 43 M W S X 94 E R 95 Required information View transaction list Journal entry worksheet 1 2 3 4 5 6 7 B 9 Pay salaries, $136,600. Note: Enter detits before credits Transaction October 31 General Journal Debit Credit Clear entry Record entry W AT # 43 LLI S X 64 100+ 135 775 E R D 55 FL T 66 View general journal 12 & LB 7 8 G Y H D Required information View transaction list Journal entry worksheet 5 6 7 B 9 Issue shares of common stock in exchange for $40,000 cash. 1 2 Note: Enter detats before credits Transaction November 20 General Journal Debit Credi Clar Record entry # 93 N Required information View transaction list Journal entry worksheet < 1 2 4 5 6 7 8 9 Pay $4,100 cash dividends to stockholders. fote Enter debts before credits Transaction December 30 General Journal Debit Credit Record entry Clear entry 6U # 43 54 W E R S D 56 9 Prav View genral journal 12 # 6 2P & 7 8 9 G J