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Problem 3-32A Comprehensive problem: single cycle LO 3-1, 3-2, 3-3, 3-4

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

Jan.	30		Established the business when it acquired $47,000 cash from the issue of common stock.
Feb.	1		Paid rent for office space for two years, $16,200 cash.
Apr.	10		Purchased $850 of supplies on account.
July	1		Received $26,000 cash in advance for services to be provided over the next year.
	20		Paid $638 of the accounts payable from April 10.
Aug.	15		Billed a customer $9,400 for services provided during August.
Sept.	15		Completed a job and received $2,500 cash for services rendered.
Oct.	1		Paid employee salaries of $31,000 cash.
	15		Received $7,600 cash from accounts receivable.
Nov.	16		Billed customers $32,500 for services rendered on account.
Dec.	1		Paid a dividend of $500 cash to the stockholders.
	31		Adjusted records to recognize the services provided on the contract of July 1.
	31		Recorded $2,350 of accrued salaries as of December 31.
	31		Recorded the rent expense for the year. (See February 1.)
	31		Physically counted supplies; $100 was on hand at the end of the period.

Problem 3-32A Part a

Required a. Record the preceding transactions in the general journal, in the given order. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Problem 3-32A Parta Required a. Record the preceding transactions in the general journal, in the given order. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet of 12 the first account field.) View transaction list Journal entry worksheet 1 bez 3 4 5 6 7 8 8 15 Paid rent for office space for two years, $16,200 cash. Note: Enter debits before credits. Date General Journal Deblt Credit Feb 01 Record entry Clear entry View general journal Purchased $850 of supplies on account. Note: Enter debits before credits. Date General Journal Deblt Credit Apr 10 Record entry Clear entry View general journal Journal entry worksheet 1 N 3 4 5 6 6 7 8 15 > Received $26,000 cash in advance for services to be provided over the next year. Note: Enter debits before credits. Date General Journal Debit Credit Jul 01 Record entry Clear entry View general journal View transaction list Journal entry worksheet 10 Paid $638 of the accounts payable from April 10. Note: Enter debits before credits. Date General Journal Debit Credit Jul 20 Journal entry worksheet 3 4 01 5 7 6 15 hy aid employee salaries of $31,000 cash. : Enter debits before credits. Date General Journal Debit Credit Oct 01 8 9 9 10 11 12 13 14 15 Received $7,600 cash from accounts receivable. Note: Enter debits before credits. Date General Journal Debit Credit Oct 15 View transaction list Journal entry worksheet View transaction list Journal entry worksheet Journal entry worksheet Adjusted records to recognize the services provided on the contract of July 1. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 8 9 10 11 12 13 .14 15 Recorded $2,350 of accrued salaries as of December 31. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal ournal entry worksheet - 1 8 9 10 11 12 13 14 > 15 Physically counted supplies; $100 was on hand at the end of the period. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31