I need help with the T-account part

Return to question 5 Part 5 of 7 Required information (The following information applies to the questions displayed below.] Colton Enterprises experienced the following events for Year 1, the first year of operation: 3.57 points 1. Acquired $37,000 cash from the issue of common stock. 2. Paid $12,200 cash in advance for rent. The payment was for the period April 1, Year 1, to March 31, Year 2. 3. Performed services for customers on account for $76,000. 4. Incurred operating expenses on account of $36,000. 5. Collected $58,500 cash from accounts receivable. 6. Paid $23,000 cash for salary expense. 7. Paid $28,800 cash as a partial payment on accounts payable. Adjusting Entries 8. Made the adjusting entry for the expired rent. (See Event 2.) 9. Recorded $2,800 of accrued salaries at the end of Year 1. Return to question 5 Events for Year 2 Part 5 of 7 3.57 points 1. Paid $2,800 cash for the salaries accrued at the end of the prior accounting period. 2. Performed services for cash of $25,000. 3. Purchased $3,000 of supplies on account. 4. Paid $11,100 cash in advance for rent. The payment was for one year beginning April 1, Year 2. 5. Performed services for customers on account for $92,000. 6. Incurred operating expenses on account of $43,500. 7. Collected $91,000 cash from accounts receivable. 8. Paid $41,000 cash as a partial payment on accounts payable. 9. Paid $31,700 cash for salary expense. 10. Paid a $11,000 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 $550 of supplies were still on hand. e. Record the entries to close the Year 1 temporary accounts to Retained Earnings in the general journal and post to the T-accounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Mc Graw Hill Answer is complete and correct. No Date General Journal Debit Credit 1 Dec. 31 Service revenue 0 78,000 Retained earnings 76,000 2 Dec. 31 70.950 Retained earnings Salaries expense Operating expenses Rent expense OOOO 25,800 36.000 9.150 5 Required information Answer is not complete. Part 5 of 7 Cach Blog Bali Accounts Receivable OX 75.000 58.500 5 3.57 Ginta 12,200 23,000 16 28,800 7. 3 Bog Bal 1. 5. End. Bol 2. OX 37.0003 58.500 5 31.500 End. Bal 17.500 Beg Ba 2. Prepaid Rent OX 12.2003 9,1508 Beg Ba 7. Accounts Payable 03 28.800 36,000 4 x 3 IC End.Bal. 3.000 End. Bal. 7,200 Beg Bali Balaries Payable 0 2,800 Beg Ba Joe Common took 0 37,000 1 olo End. Bal 2,800 End. Bal 37,000 Service Revenue Retained Earnings 0 70.900 76,000 Bog. Bal d Beg Bal X Is ele 76,000 76.000 d End Bel End. Bali 5,050 Beg Bal 4 Operating Expences OX 36.000 36,000 al Beg Ba 3 Rent Expanca OX 9.150 9,150 End. Bol End. Bal Balaries Expande Beg Bal 6. x 23.000 x 2.800 25,800 End. Bei