Record closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account) During January 2018, the following transactions occur. January 2, Purchase space for one year in advance $6,000 January 9 Purchase supplies on account, $3, 500 January 13 Provide services to customers on account $25, 500 January 17, Receive cash in advance from customers for services to be provided in the future $3, 700 January 20 Pay cash for salaries $11, 500 January 22 Receive cash on accounts receivable $24, 100 January 29 Pay cash on accounts payable $4,000