Question: Record the entry to close the revenue, expense, and dividends accounts.

Note: Enter debits before credits. Required information Problem 3-9B (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 Jackrabbit Rentals at January 1, 2024, includes the following account balances: The following is a summary of the transactions for the year: 1. January 12 Provide services to customers on account, $77,400. 2. February 25 Provide services to customers for cash, $82,800. 3. March 19 Collect on accounts receivable, $47,200. 4. April 30 Issue shares of common stock in exchange for $45,000cash. 5. June 16 Purchase supplies on account, $15,100. 6. July 7 Pay on accounts payable, $12,800. 7. September 30 Pay salaries for employee work in the current year, $79,200. 8. November 22 Pay advertising for the current year, $24,000. 9. December 30 Pay $4,400 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $4,000 and will be paid January 1,2025 . Accrued salaries at year-end amounted to $3,000 and will be paid on January 5,2025 . Supplies remaining on hand at the end of the year equal $3,800