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 Debits Credits $26,600 17,400 16,000 168,000 $8,700 7,800 Deferred Revenue Common Stock Retained Earnings Totals 163,000 48,500 $228,000 $228,000 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, $154,100, and on account, $62,200. Collect on accounts receivable, $53,500. Receive cash in advance from customers, $14,900. Purchase supplies on account, $13,200. Pay property taxes, $10,500. Pay on accounts payable, $13,400. Pay salaries, $143,600. Issue shares of common stock in exchange for $47,000 cash. Pay $4,800 cash dividends to stockholders. 9. Record closing entries. (If no entry is required for a particular transaction/event, select account field.) View transaction list Journal entry worksheet < 2 Record the entry to close the revenue accounts. Note: Enter debits before credits. Transaction December 31 General Journal Debit Credit Record entry Clear entry View general journal >