Record the entries to close the quarter 1 temporary accounts to retain earnings in the general and post to the T accounts

Scenario 2 You are an accountant for the Shemroske Consulting Group (SCG), which specializes in providing recommendations to organizations' cybersecurity issues. In its first quarter of operations, the SCG had the following transactions: - January, 30: Established the business when it acquired $45,000 cash from the issue of common stock. - February, 1: Paid rent for office space for two years, $24,000 cash. - February, 1: Received $24,000 cash in advance for services to be provided every month over the next year. - February, 8: Purchased $3,200 of supplies on account. - February 21: Paid $1,500 of the accounts payable from February 8. - February 28: Billed a customer $18,000 for services provided during February. - March 2: Completed a job and received $8,400 cash for services rendered. - March 5: Paid employee salaries of $12,000 cash. - March 12: Received $15,000 cash from accounts receivable. - March 16: Billed customers $42,000 for services rendered on account. - March 22: Paid a dividend of $15,000 cash to the stockholders. - March 31: Adjusted records to recognize the services provided on the contract of February 1. - March 31: Recorded $3,600 of accrued salaries as of March 31. - March 31: Recorded the rent expense for the quarter. (See February 1) - March 31: Physically counted supplies; $280 was on hand at the end of the period