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Required information [The following information applies to the questions displayed below.] The general ledger of Zips Storage at January 1, 2024, includes the following account

image text in transcribed Required information [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 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, $139,100, and on account, $54,700. Collect on accounts receivable, $52,000. Receive cash in advance from customers, $13,400. Purchase supplies on account, $10,200. Pay property taxes, $9,000. Pay on accounts payable, $11,900. Pay salaries, $128,600. Issue shares of common stock in exchange for $32,000cash. Pay $3,300 cash dividends to stockholders. - Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first count field.) Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits

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