Required information Problem 3-9A (Algo) Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.] The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Debits Credits $25,900 16,700 14,600 161,000 $8,000 7,100 Deferred Revenue Common Stock Retained Earnings Totals 156,000 47,100 $218,200 $218,200 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, $147,100, and on account, $58,700. Collect on accounts receivable, $52,800. Receive cash in advance from customers, $14,200. Purchase supplies on account, $11,800. Pay property taxes, $9,800. Pay on accounts payable, $12,700. Pay salaries, $136,600. Issue shares of common stock in exchange for $40,000 cash. Pay $4,100 cash dividends to stockholders. equired information Journal entry worksheet < 1 2 3 Record the entry to close the revenue accounts, Note: Enter debits before credits. Transaction December 31 General Joumal Debit Credit Record entry Clear entry View general journal Q X 54 43 LLI D R 25 < equired information Journal entry worksheet 1 2 Record the entry to close the expense accounts. Note: Enter debits before credes Transaction December 31 General Journal Debit Credit Record entry Clear entry View general journal # 73 ELI Required information Journal entry worksheet < 1 2 3 Record the entry to close the dividends account. Note: Enter debits before credits Transaction December 31 General Journal Debit Credit Record entry Clear entry View general journal # 3 S 4 25 % V E R O F 66 Y & Pre 10 11 12 of 12 7 B 66 9 G H J K