The general ledger of Zips Storage at January 1, 2024, includes the following account balances:

Accounts Debits Credits

Cash $26,400

Accounts Receivable $17,200

Prepaid Insurance $15,600

Land $166,000

Accounts Payable $8,500

Deferred Revenue $7,600

Common Stock $161,000

Retained Earnings. $48,100

Totals $225,200 $225,200

The following is a summary of the transactions for the year:

1. January 9 Provide storage services for cash, $152,100, and on account, $61,200.

2. February 12 Collect on accounts receivable, $53,300.

3. April 25 Receive cash in advance from customers, $14,700.

4. May 6 Purchase supplies on account, $12,800.

5. July 15 Pay property taxes, $10,300.

6. September 10 Pay on accounts payable, $13,200.

7. October 31 Pay salaries, $141,600.

8. November 20 Issue shares of common stock in exchange for $45,000 cash.

9. December 30 Pay $4,600 cash dividends to stockholders.

Record closing entries for revenue, expense, and dividends accounts. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)