January 30 Established the business when it acquired $55,000 cash from the issue of common stock. February 1 Paid rent for office space for two years, $16,800 cash. April 10 Purchased $780 of supplies on account. July 1 Received $26,000 cash in advance for services to July 20 Paid $585 of the accounts payable from April 10. be provided over the next year. August 15 Billed a customer $10,000 for services provided during August. September 15 Completed a job and received $3,200 cash for services rendered. October 1 Paid employee salaries of $35,500 cash. October 15 Received $8,800 cash from accounts receivable. November 16 Billed customers $31,500 for services rendered on account. December 1 Paid a dividend of $600 cash to the stockholders. December 31 Adjusted records to recognize the services provided on the contract of July 1. December 31 Recorded $2,100 of accrued salaries as of December 31. December 31 Recorded the rent expense for the year. (See February 1.). December 31 Physically counted supplies; $120 was on hand at the end of the period. 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. e. Record the entries to close the Year 1 temporary accounts to Retained Earnings in the general journal and post to the T-accounts. f. Prepare a post-closing trial balance for December 31, Year 1