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

Accounts	Debits	Credits
Cash	$26,500
Accounts Receivable	17,300
Prepaid Insurance	15,800
Land	167,000
Accounts Payable		$8,600
Deferred Revenue		7,700
Common Stock		162,000
Retained Earnings		48,300
Totals	$226,600	$226,600

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

1. January 9	Provide storage services for cash, $153,100, and on account, $61,700.
2. February 12	Collect on accounts receivable, $53,400.
3. April 25	Receive cash in advance from customers, $14,800.
4. May 6	Purchase supplies on account, $13,000.
5. July 15	Pay property taxes, $10,400.
6. September 10	Pay on accounts payable, $13,300.
7. October 31	Pay salaries, $142,600.
8. November 20	Issue shares of common stock in exchange for $46,000 cash.
9. December 30	Pay $4,700 cash dividends to stockholders.

9. Record closing entries.

1)Record the entry to close the revenue accounts.

2)Record the entry to close the expense accounts.

3)Record the entry to close the dividends account.