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 Required information General Journal TAccount The Balance Income Stmt Stof Changes Balance Sheet Sunt of GT Post Closing Rects Tabac Post the Year 2 events to accounts Cash Accounts Receivable Beg B Beg B End. Bat. End Bal Prepaid Rent Supplies Beg Bal Beg Bal End. Bal End Bal Accounts Payabile Star Paya Beg Bal Beg Bal End Bal End Bul Common Stock Read Games Beg Bal Beg Ba End Bal End B Dividends BB Service Re Beg Bal End Bat End Operating Expenses Beg Bait E 5 End Bal End Beg Bal Beg B End B End