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 $24,800 Credits 15,600 12,400 150,000 $6,900 6,000 145,000 44,900 $202,800 $202,800 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 8. November 20 9. December 30 Provide storage services for cash, $136,100, and on account, $53,200. Collect on accounts receivable, $51,700. Receive cash in advance from customers, $13,100. Purchase supplies on account, $9,600. Pay on accounts payable, $11,600. Pay property taxes, $8,700. Pay salaries, $125,600. Issue shares of common stock in exchange for $29,000 cash. Pay $3,000 cash dividends to stockholders. 5. Record adjusting entries. Insurance expired during the year is $7,200. Supplies remaining on hand at the end of the year equal $3,100. Provide services of $12,000 related to cash paid in advance by customers. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 Record the adjusting entry for insurance expired during the year of $7,200. Note: Enter debits before credits. Transaction December 31 General Journal Debit Credit Record entry Clear entry View general journal