5 Part 5 of Required information Problem 3-32A Comprehensive problem: single cycle LO 3-1, 3-2, 3-3, 3-4 [The following Information applies to the questions displayed below.] 1.66 points The following transactions pertain to Smith Training Company for Year 1: . eBook Jan. 30 Established the business when it acquired $52,eee cash from the issue of common stock Feb. 1 Paid rent for office space for two years, $16,300 cash. Apr. 18 Purchased $840 of supplies July 1 Received $25,eee cash in advance for services to be provided over the next year. 20 Paid $630 of the accounts payable from April 10. Aug. 15 Billed a customer $10,288 for services provided during August. Sept. 15 Completed a job and received $2,820 cash for services rendered. Oct. 1 Paid employee salaries of $34,588 cash. 15 Received $8,180 cash from accounts receivable. Nov. 16 Billed customers $33,eee for services rendered on account. Dec. 1 Paid a dividend of $60 cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract of July 1. 31 Recorded $2,05e of accrued salaries as of December 31. 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted supplies; $148 was on hand at the end of the period. Print References Problem 3-32A Parte e. Record the entries to close the Year 1 temporary accounts to retained Earnings in the general Journal. In the T-accounts, first enter the balances before closing (from Part b), then post the closing entries. (If no entry is required for a transaction/event, select "No Journal entry required" in the first account field. Round your final answers to the nearest whole dollar amount.) View transaction llat View journal entry worksheet No Date General Joumal Debit Credit 1 Retained earnings Cash Accounts Receivable Balance before closing End. Bal. . Balance before closing End. Bal. Prepaid Rent Supplies Balance before closing End. Bal. Balance before closing End. Bal Accounts Payable Unearned Revenue Balance before closing End. Bal. Balance before closing End. Bal Salaries Payable Common Stock Balance before closing End. Bal Balance before closing End. Bal Retained Earnings Dividends Balance before closing CI CI Balance before closing CI CI End. Bal. End. Bal. Service Revenue Salaries Expense Balance before closing Balance before closing CI End. Bal . CI End. Bal. Rent Expense Supplies Expense Balance before closing Balance before closing CI CI End. Bal End. Bal