6 Book Print References Required Information. [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 $54,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $27,000 cash. Apr. 10 Purchased $730 of supplies on account. July 1 Received $24,000 cash in advance for services to be provided over the next year. 20 Paid $548 of the accounts payable from April 10. Aug. 15 Billed a customer $10,400 for services provided during August. Sept.15 Completed a job and received $2,700 cash for services rendered. Oct. 1 Paid employee salaries of $38,500 cash. 15 Received $8,300 cash from accounts receivable. Nov. 16 Billed customers $37,000 for services rendered on account. 1 Paid a dividend of $600 cash to the stockholders. Dec. 31 Adjusted records to recognize the services provided on the contract of July 1. 31 Recorded $2,150 of accrued salaries as of December 31. 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted supplies: $120 was on hand at the end of the period. c. Prepare a trial balance. SMITH TRAINING COMPANY Trial Balance December 31, Year 1 Assunt Titles Debit Credit