ecord the entries to close the Year 1 temporary accounts to Retained Earnings in the general journal. (If no entry is required for a ransaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Prepare an income statement for Year 1. The following transactions pertain to Smith Training Company for Year 1 : January 30 Established the business when it acquired $45,000 cash from the issue of common stock. February 1 Paid rent for office space for two years, $24,000 cash. Apri1 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. July 20 Paid $1,500 of the accounts payable from April 10 . August 15 Billed a customer $18,000 for services provided during August. September 15 Completed a job and received $8,400 cash for services rendered. October 1 paid employee salaries of $12,000 cash. October 15 Received $15,000 cash from accounts receivable. November 16 Billed customers $42,000 for services rendered on account. Decenber 1 Paid a dividend of $15,000 eash to the stockholders. December 31 Adjusted records to recognize the services provided on the contract of July 1. December 31 Recorded $3,600 of accrued salaries as of December 31 . December 31 Recorded the rent expense for the year. (See February 1.) Decenber 31 physically counted supplies; $280 was on hand at the end of the period. Required a. Record the preceding transactions in the general journal. b. Post the transactions to T-accounts. (You will also post the closing entries in Req E to these T-accounts.) c. Prepare an adjusted Trial Balance. d-1. Prepare an income statement for Year 1. d-2. Prepare a statement of changes in stockholders' equity for Year 1. d-3. Prepare a balance sheet for Year 1 . d-4. Prepare a statement of cash flows for Year 1. e. Record the entries to close the Year 1 temporary accounts to Retained Earnings in the general journal. f. Prepare a post-closing trial balance for December 31, Year 1. Prepare an adjusted Trial Balance. Prepare a statement of cash flows for Year 1 . (Enter cash outflows with a minus sign.) Record the preceding transactions in the general journal. (Do not round intermediate calculations. If no entry transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 567815 Established the business when it acquired $45,000 cash from the issue of common stock. Note: Enter debits before credits. Prepare a statement of changes in stockholders' equity for Year 1. Prepare a balance sheet for Year 1 . Post the transactions to T-accounts. (You will also post the closing entries in Req E to these T-accounts Prepare a post-closing trial balance for December 31, Year 1