1. Acquired $37,000 cash from the issue of common stock. 2. Paid $12,200 cash in advance for rent. The payment was for the period April 1, Year1, to March 31, Year 2 3. Performed services for customers on account for $76,000, 4. Incurred operating expenses on account of $36,000. 5. Collected $58.500 cash from accounts recelvable. 6. Paid $23,000 cash for salary expense. 7. Pald $28,800 cash as a partial payment on accounts payable. Adjusting Entries ? the adjusting entry for the expired rent. (See Event 2) rided $2,800 of accrued salaries at the end of Year 1 . Events for Year 2 1. Paid $2,800 cash for the salanes accrued at the end of the prior accounting period. 2. Periormed services for cash of $25,000. 3. Purchased $3,000 of supplies on account. 4. Paid $11,100 cash in advance for rent. The payment was for one year beginning April 1, Year 2 5. Performed services for customers on account for $92,000 6. Incurred operating expenses on account of $43.500. 7. Collected $91,000 cash from accounts recelvable 8. Paild $41.000 cash as a partial payment on accounts payable. 9. Pald $31700 cash for salary expense. 10. Paid a $11,000 cash dividend to stockholders. e. Record the entries to close the Year 1 temporary accounts to Retained Eamings in the general joumal and post to the T-accounts. If no entry is required for a trensection/event, select "No journal entry required" In the first account field.)