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Required information Problem 3-32A Comprehensive problem: single cycle LO 3-1, 3-2, 3-3, 3-4 [The following information applies to the questions displayed below) The following transactions

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Required information Problem 3-32A Comprehensive problem: single cycle LO 3-1, 3-2, 3-3, 3-4 [The following information applies to the questions displayed below) The following transactions pertain to Smith Training Company for Year 1: 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, $24,000 cash. Apr. 10 Purchased $3,200 of supplies on account. July 1 Received $24,000 cash in advance for services to be provided over the next year. 20 Paid $1,500 of the accounts payable from April 10. Aug. 15 Billed a customer $18,000 for services provided during August. Sept. 15 Completed a job and received $8,400 cash for services rendered. Oct. 1 Paid employee salaries of $12,000 cash. 15 Received $15,eee cash from accounts receivable. Nov. 16 Billed customers $42,000 for services rendered on account. Dec. 1 Paid a dividend of $15,000 cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract of July 1. 31 Recorded $3,600 of accrued salaries as of December 31. 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted supplies; $280 was on hand at the end of the period. UNILEV VI Required information Cash Accounts Receivable Beg. Bal Beg Bal. End. Bal. End, Bal Prepaid Rent Supplies Beg. Bal Beg Bal. End. Bal. End. Bal. Accounts Payable Unearned Revenue Beg Bal. Beg. Bal. End. Bal Salaries Payable Common Stock Beg. Bal. Beg. Bal End. Bal End. Bal Dividends Service Revenue Beg. Bal Beg. Bal. En Ral End Ball End. Bal Dividends Service Revenue Beg. Bal. Beg. Bal. End. Bal End. Bal Rent Expense Salaries Expense Beg Bal Beg. Bal. End. Bal End. Bal Supplies Expense Beg Bal End. Bal

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