Problem 13-33A (Algo) Comprehensive problem: single cycle LO 13-1, 13-2, 13-3, 13-4

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The following transactions pertain to Smith Training Company for Year 1:

Jan.	30		Established the business when it acquired $55,000 cash from the issue of common stock.
Feb.	1		Paid rent for office space for two years, $33,000 cash.
Apr.	10		Purchased $700 of supplies on account.
July	1		Received $26,500 cash in advance for services to be provided over the next year.
	20		Paid $525 of the accounts payable from April 10.
Aug.	15		Billed a customer $9,100 for services provided during August.
Sept.	15		Completed a job and received $3,100 cash for services rendered.
Oct.	1		Paid employee salaries of $32,000 cash.
	15		Received $8,000 cash from accounts receivable.
Nov.	16		Billed customers $35,500 for services rendered on account.
Dec.	1		Paid a dividend of $1,000 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; $110 was on hand at the end of the period.

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.)

Prepare a post-closing trial balance for Year 1.