Journal entry worksheet
Record the entry to close the revenue accounts.
Note: Enter debits before credits. Journal entry worksheet
Record the entry to close the expense accounts.
Note: Enter debits before credits. Journal entry worksheet
Record the entry to close the dividends account.
Note: Enter debits before credits.Required Information
Problem A Algo Complete the full accounting cycle LO
The following information applles 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.
