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Accounting
Required information The following information applies to the questions displayed below. The general ledger of Zips Storage at January includes the following account balances: The following is a summary of the transactions for the year: January Provide storage services for cash, $ and on account, $ February Collect on accounts receivable, $ April Receive cash in advance from customers, $ May Purchase supplies on account, $ July Pay property taxes, $ September Pay on accounts payable, $ October Pay salaries, $ November Issue shares of common stock in exchange for $ cash. December Pay $ cash dividends to stockholders. Questions: Record the entry to close the revenue accounts. Record the entry to close the expense accounts. Record the entry to close the dividents accounts. 
Required information
The following information applies to the questions displayed below.
The general ledger of Zips Storage at January includes the following account balances:
The following is a summary of the transactions for the year:
January Provide storage services for cash, $ and on account, $
February Collect on accounts receivable, $
April Receive cash in advance from customers, $
May Purchase supplies on account, $
July Pay property taxes, $
September Pay on accounts payable, $
October Pay salaries, $
November Issue shares of common stock in exchange for $ cash.
December Pay $ cash dividends to stockholders.
Questions:
Record the entry to close the revenue accounts.
Record the entry to close the expense accounts.
Record the entry to close the dividents accounts.
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