Required information Journal entry worksheet

Record the entry to close the revenue accounts.

Note: Enter debits before credits. Journal entry worksheet

$2$

$3$

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.

$[$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:

January $9$ Provide storage services for cash, $$134,100,$ and on

February $12$ account, $$52,200.$

May $6$ Receive cash in advance from customers, $$12,900.$

$15$ Purchase supplies on account, $$9,200.$

Septemb Pay property taxes, $$8,500.$

October $31,$ Pay salaries, $$123,600.$

November $20$ Issue shares of common stock in exchange for $$27,000$ cash.

December $30$ Pay $$2,800$ cash dividends to stockholders.

Record closing entries. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Jou

Entry Required" in the first account field.$)$