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Events for Year 2 1. Paid $3,800 cash for the salaries accrued at the end of the prior accounting period. 2. Performed services for

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Events for Year 2 1. Paid $3,800 cash for the salaries accrued at the end of the prior accounting period. 2. Performed services for cash of $35,000. 3. Purchased $3,500 of supplies on account. 4. Paid $12,600 cash in advance for rent. The payment was for one year beginning April 1, Year 2. 5. Performed services for customers on account for $102,000. 6. Incurred operating expenses on account of $48,500. 7. Collected $96,000 cash from accounts receivable. 8. Paid $46,000 cash as a partial payment on accounts payable. 9. Paid $32,200 cash for salary expense. 10. Paid a $10,000 cash dividend to stockholders. Adjusting Entries 11. Made the adjusting entry for the expired rent. (Hint Part of the rent was paid in Year 1.) 12. Recorded supplies expense. A physical count showed that $800 of supplies were still on hand. g. Repeat parts a through ffor Year 2. Complete this question by entering your answers in the tabs below. General Journal T Accounts Trial Balance Income Stmt Stmt of Changes Balance Sheet Stmt of Closing Cash Flows Entries Closing T Post Closing Accts Trial Balance Prepare a post-dosing trial balance for December 31, Year 2. COLTON ENTERPRISES Post-Closing Trial Balance December 31, Year 2 Account Titles Debit Credit Totals 0 $ 0 < Closing T Accts Post Closing Trial Balance >

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