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

Jan.	30		Established the business when it acquired $49,000 cash from the issue of common stock.
Feb.	1		Paid rent for office space for two years, $39,000 cash.
Apr.	10		Purchased $820 of supplies on account.
July	1		Received $23,500 cash in advance for services to be provided over the next year.
	20		Paid $615 of the accounts payable from April 10.
Aug.	15		Billed a customer $10,300 for services provided during August.
Sept.	15		Completed a job and received $2,600 cash for services rendered.
Oct.	1		Paid employee salaries of $32,500 cash.
	15		Received $7,500 cash from accounts receivable.
Nov.	16		Billed customers $39,000 for services rendered on account.
Dec.	1		Paid a dividend of $600 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; $110 was on hand at the end of the period.

e. Record the entries to close the Year 1 temporary accounts to Retained Earnings in the general journal and post to the T-accounts. (If

Journal entry worksheet Journal entry worksheet (3). Fucsid the clapare of the didendr acoosne