5 ces Required information Problem 13-33A Comprehensive problem: single cycle LO 13-1, 13-2, 13-3, 13-4 [The following information applies to the questions displayed below.] The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $45,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $24,000 cash. Apr. 10 Purchased $3,200 of supplies on account. July 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. Aug. 15 Billed a customer $18,000 for services provided during August. Sept.15 Completed a job and received $8,400 cash for services rendered. Oct. 1 Paid employee salaries of $12,000 cash. 15 Received $15,000 cash from accounts receivable. Nov. 16 Billed customers $42,000 for services rendered on account. 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. Problem 13-33A Part c Required information c. Prepare a trial balance. SMITH TRAINING COMPANY Trial Balance December 31, Year 1 Totals Account Titles Debit Credit Problem 13-33A Part e Part 4 of 5 8.33 points eBook e. Record the entries to close the Year 1 temporary accounts to Retained Earnings in the general journal and post to the T-accounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet References 1 2 3 Record the closure of service revenue. Note: Enter debits before credits Date Dec 31 General Journali Debit Credit Record entry Clear entry View general journal eBook Journal entry worksheet < 1 2 3 eferences Record the closure of expenses account. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit Record entry Clear entry View general journal eBook References Journal entry worksheet 1 2 Record the payment of Dividends. Note: Enter debits before credits. Date Dec 31 1 General Journal Debit Credit Record entry Clear entry View general journal