1. Acquired $46,000 cash from the issue of common stock 2. Paid $13,100 cash in advance for rent. The payment was for the period April 1, Year 1 to March 31, Year 2 3. Performed services for customers on account for $94.000. 4. Incurred operating expenses on account of $40,500. 5. Collected $72,000 cash from accounts receivable. 6. Paid $32,000 cash for salary expense 7. Paid $32,400 cash as a partial payment on accounts payable. Adjusting Entries 8. Made the adjusting entry for the expired rent. (See Event 2.) 9. Recorded $4,600 of accrued salaries at the end of Year 1 Events for Year 2 1. Paid $4,600 cash for the salaries accrued at the end of the prior accounting period. 2. Performed services for cash of $43,000. 3. Purchased $3,900 of supplies on account. 4. Paid $13,800 cash in advance for rent. The payment was for one year beginning April 1, Year 2 5. Performed services for customers on account for $110,000. 6. Incurred operating expenses on account of $52,500 7. Collected $100,000 cash from accounts receivable. 8. Paid $50,000 cash as a partial payment on accounts payable. 9. Paid $32,600 cash for salary expense. 10. Poid a $14,000 cash dividend to stockholders. Adjusting Entries 11. Made the adjusting entry for the expired rent (Hint part of the rent was pold in Year 1.) 12. Recorded supplies expense. A physical count showed that $450 of supplies were still on hand g. Repeat parts a through ffor Year 2 g. Repeat parts a through ffor Year 2 Complete this question by entering your answers in the tabs below. General Journal T Accounts Trial Balance Income Stmt Stmt of Changes Balance Sheet Stmt of Cash Flows Closing Entries Closi Record the entries to close the Year 2 temporary accounts to Retained Earnings in the general journal. (If transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet V g. Repeat parts a through ffor Year 2 Complete this question by entering your answers in the tabs below. General Journal T Accounts al Balance Income Samt Stmt of Changes Balance Sheet Somto Cash Flows Closing Entries Closing Aucts Post the closing entries for Year 2 to the T-accounts. Cash Accounts Receivable Beg Bal Beg Bal End. Bal End. Bal Prepaid Rent Beg Bal Supplies Beg Bal End. Bal End. Bal Accounts Payable Beg Bal Common Stock Beg Bal End. Bal End. Bal Retained Earnings Beg Bal Dividends Beg Bal End. Bal End. Bai Service Revenue Beg Bat Operating Expenses Beg B End. Bal End Bal Rent Expense Salaries Expense Beg Bat Beg Bal End Bal End B Supplies Expense Beg. Gal End Bal g. Repeat parts a through ffor Year 2 Complete this question by entering your answers in the ta General Journal T Accounts Trial Balance Income Stmt Stmt of Changes . Prepare a post-closing trial balance for December 31, Year 2. COLTON ENTERPRISES Post-Closing Trial Balance December 31, Year 2 Account Titles Debit Credit Totals $ 05