PLEASE HELP ME 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:CreditsAccountsCashAccounts Receivable.Prepaid Insurance.LandAccounts Payable.Deferred RevenueCommon StockRetained EarningsTotalsDebits$25,60016,40014,000158,0001. January 92. February 123. April 254. May 65. July 156. September 107. October 318. November 209. December 30$7,7006,800153,00046,500$214,000 $214,000The following is a summary of the transactions for the year:Provide storage services for cash, $144,100, and on account, $57,200.Collect on accounts receivable, $52,500.Receive cash in advance from customers, $13,900.Purchase supplies on account, $11,200.Pay property taxes, $9,500.Pay on accounts payable, $12,400.Pay salaries, $133,600.Issue shares of common stock in exchange for $37,000 cash.Pay $3,800 cash dividends to stockholders. 11. Prepare a post-closing trial balance.TotalsZIPS STORAGEPost-Closing Trial BalanceDecember 31, 2024Accounts$Debit0 $Credit0

A trial balance is a financial report showing the closing balances of all accounts in the general…

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 Debits $25,600 16,400 14,000 158,000 5. July 15 6. September 10 7. October 31 8. November 20 9. December 30 Credits $7,700 6,800 153,000 46,500 $214,000 Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $214,000 The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 4. May 6 Provide storage services for cash, $144,100, and on account, $57,200. Collect on accounts receivable, $52,500. Receive cash in advance from customers, $13,900. Purchase supplies on account, $11,200. Pay property taxes, $9,500. Pay on accounts payable, $12,400. Pay salaries, $133,600. Issue shares of common stock in exchange for $37,000 cash. Pay $3,800 cash dividends to stockholders.

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 Debits $25,600 16,400 14,000 158,000 5. July 15 6. September 10 7. October 31 8. November 20 9. December 30 Credits $7,700 6,800 153,000 46,500 $214,000 Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $214,000 The following is a summary of the transactions for the year: 1. January 9 2. February 12 3. April 25 4. May 6 Provide storage services for cash, $144,100, and on account, $57,200. Collect on accounts receivable, $52,500. Receive cash in advance from customers, $13,900. Purchase supplies on account, $11,200. Pay property taxes, $9,500. Pay on accounts payable, $12,400. Pay salaries, $133,600. Issue shares of common stock in exchange for $37,000 cash. Pay $3,800 cash dividends to stockholders.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 13SPA: SCHEDULE OF ACCOUNTS RECEIVABLE Based on the information provided in Problem 10-12A, prepare a...

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