Journal entry worksheet

Record the entry to close the revenue accounts.

Note: Enter debits before credits. Journal entry worksheet

Record the entry to close the expense accounts.

Note: Enter debits before credits. Journal entry worksheet

$12$

Record the entry to close the dividends account.

Note: Enter debits before credits.Required Information

Problem $3-9$A $($Algo$)$ Complete the full accounting cycle $($LO$3-3,3-4,3-5,3-6,$

$3-7)$

$[$The following information applles 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:

January $9$ Provide storage services for cash, $$150,100,$ and on account, $$60,200.$

February $12$ collect on accounts receivable, $$53,1.$

April $25$ Receive cash in advance from customers, $$14,500.$

May $6$ Purchase supplies on account, $$12,400.$

July $15$ Pay property taxes, $$10,100.$

September $10$ Pay on accounts payable, $$13,0.$

October $31$ Pay salaries, $$139,600.$

November $20$ Issue shares of common stock in exchange for $$43,00$ cash.

December $30$ Pay $$4,40$ cash dividends to stockholders.