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Problem 3-9A (Algo) Complete the full accounting cycle (LO33,34,35,36,37) [The following information applies to the questions displayed below.] The general ledger of Zips Storage at
Problem 3-9A (Algo) Complete the full accounting cycle (LO33,34,35,36,37) [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 atorage sorviceu for cash, $149,100, and on account, $59,700. 2. Pebruary 12 Collect on accountin receivable, $53,000. 3. Apri1 25 Receive cauk in advance from customers, $14,400. 4. May 6 Purchnse auppliea on account, $12,200. 5. July 15 Pay property taxea, $10,000. 6. Soptember 10 Pay on accounta payable, $12,900. 7. October 31 Pay nalarien, $138,600. 8. November 20 Inaue ohares of carmon atook in oxchange for $42,000cash. 9. December 30 Pay $4,300 eaih dividends to atockholders. Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. Record the entry to close the expense accounts. Note: Enter debits before credits: Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits
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