Required information 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 Deferred Revenue Common Stock Retained Earnings Totals Debits Credits $26,300 17,100 15,400 165,000 $8,400 7,500 160,000 47,900 $223,800 $223,800 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, $151,100, and on account, $60,700. Collect on accounts receivable, $53,200. Receive cash in advance from customers, $14,600. Purchase supplies on account, $12,600. Pay property taxes, $10,200. Pay on accounts payable, $13,100. Pay salaries, $140,600. Issue shares of common stock in exchange for $44,000 cash. Pay $4,500 cash dividends to stockholders. Journal entry worksheet < 1 2 3 Record the entry to close the revenue accounts. Note: Enter debits before credits. Transaction General Journal Debit Credit December 31 Service Revenue Income Tax Expense View general journal Record entry Clear entry > es Journal entry worksheet < 1 2 3 Record the entry to close the expense accounts. Note: Enter debits before credits. Transaction December 31 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 2 3 Record the entry to close the dividends account. Note: Enter debits before credits. Transaction December 31 General Journal Debit Credit Record entry Clear entry View general journal