30 Established the business when it acquired $45,000 cash from the issue of common stock. Jan. Feb. Apr. July 1 Paid rent for office space for two years, $24,000 cash. 10 Purchased $3,200 of supplies on account. 1 Received $24,000 cash in advance for services to be provided over the next year 20 Paid $1,500 of the accounts payable from April 10 15 Billed a customer $18,000 for services provided during August. 15 Completed a job and received $8,400 cash for services rendered. Aug. Sept. Oct. 1 Paid employee salaries of $12,000 cash. 15 Received $15,000 cash from accounts receivable 16 Billed customers $42,000 for services rendered on account. Nov. Dec. 1 Paid a dividend of $15,000 cash to the stockholders 31 Adjusted records to recognize the services provided on the contract of July 1 31 Recorded $3,600 of accrued salaries as of December 31. 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted supplies; $280 was on hand at the end of the period