Jan.30 Established the business when it acquired $45,000 cash from the issue of common stock.Feb.1 Paid rent for office space for two years, $15,800 cash.Apr.10 Purchased $840 of supplies on account.July1 Received $29,500 cash in advance for services to be provided over the next year. 20 Paid $630 of the accounts payable from April 10.Aug.15 Billed a customer $9,500 for services provided during August.Sept.15 Completed a job and received $3,100 cash for services rendered.Oct.1 Paid employee salaries of $30,500 cash. 15 Received $9,000 cash from accounts receivable.Nov.16 Billed customers $33,500 for services rendered on account.Dec.1 Paid a dividend of $900 cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract of July 1. 31 Recorded $2,200 of accrued salaries as of December 31. 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted supplies; $150 was on hand at the end of the period.

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. Round your final answers to the nearest whole dollar amount.)