Established the business when It acquired $45,000 cash from the issue of common stock. Feb. 1 Paid rent ofr office space ofr two years, $24,000 cash. Apr. 10 purchased $3,200 of supplies on account. July 1 Received $24,000 cash in advance ofr 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 ofr services provided during August. Sept. 15 Completed a job and received $8,400 cash ofr services rendered. Paid employee salaries of $12,000 cash. 15 Received $15,000 cash from accounts receivable. Nov. 16 Billed customers $42,000 ofr 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 ofr the year. (See February 1.) 31 Physically counted supplies; $280 was on hand at the end of the period