Required information Problem 3-9 A Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Accounts Debite Credits Cash $ 26,300 Accounts Receivable 17,100 Prepaid Insurance 15,400 Land 165,000 Accounts Payable $ 8,400 Deferred Revenue 7.500 Common Stock 160,000 Retained Earnings 47.900 Totals $223,800 $223,800 The following is a summary of the transactions for the year. 1. January 9 Provide storage services for cash, $151, 100, and on account, $60, 700. 2. February 12 Collect on accounts receivable, $53,200. 3. April 25 Receive cash in advance from customers, $14,600. 4. May 6 Purchase supplies on account, $12,600. 5. July 15 Pay property taxes, $10,200. 6. September 10 Pay on accounts payable, $13,100. 7. October 31 Pay salaries, $140,600. 8. November 20 Issue shares of common stock in exchange for $44,000 cash. 9. December 30 Pay $4,500 canh dividends to stockholders. Problem 3-9A Part 9 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 1 Record the closing entry for revenue. Note: Enter debits before credits General Journal Debit Credit Transaction December 31 Record entry Clear entry View general Journal Journal entry worksheet