Question: Required information Problem 3-9A (Static) 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 (Static) Complete the full accounting cycle (LO3-3,3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed

Required information Problem 3-9A (Static) 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, $134,100, and on account, $52,200. 2. February 12 Collect on accounts receivable, $51,500. 3. April 25 Receive cash in advance from customers, $12,900. 4. May 6 Purchase supplies on account, $9,200. 5. July 15 Pay property taxes, \$8,500. 6. September 10 Pay on accounts payable, $11,400. 7. October 31 Pay salaries, $123,600. 8. November 20 Issue shares of common stock in exchange for $27,000 cash. 9. December 30 Pay $2,800 cash dividends to stockholders. Problem 3-9A (Static) Part 4 4. Prepare an unadjusted trial balance. \begin{tabular}{|l|c|c|} \hline \multicolumn{2}{|c|}{ZIPSSTORAGEUnadjustedTrialBalanceDecember31,2024} \\ \hline Accounts & & \\ \hline Cash & & \\ \hline Accounts Receivable & & \\ \hline Prepaid Insurance & & \\ \hline Supplies & & \\ \hline Land & & \\ \hline Accounts Payable & & \\ \hline Deferred Revenue & & \\ \hline Common Stock & & \\ \hline Retained Earnings & & \\ \hline Dividends & & \\ \hline Service Revenue & & \\ \hline Property Tax Expense & & \\ \hline Salaries Expense & & \\ \hline Insurance Expense & & \\ \hline Supplies Expense & & \\ \hline Totals & & \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!