Required information [The following information applies to the questions dilsplayed below.] The following transactlons pertain to Smith Training Company for Year 1: January 30 Established the business when it acquired $53, e0e cash from the issue of cormon stock. February 1 Paid rent for office space for two years, $33,000 cash. April 10 Purchased $760 of supplies on account. July 1 Received $23, cash in advance for services to be provided over the next year. July 20 Paid $570 of the accounts payable from April 10. August 15 Billed a custoner $19,269 for services provided during August. September 15 Completed a job and received $3,289 cash for services rendered. October 1 Paid employee salaries of $34,000 cash. October 15 Recelved $8,600 cash from accounts recelvable. November 16 Billed customers $31,500 for services rendered on account. December 1 Paid a dividend of $1,100 cash to the stockholders. December 31 Adjusted records to recognize the services provided on the contract of July 1. December 31 Recorded $2,100 of accrued salaries as of December 31 . December 31 Recorded the rent expense for the year. (See February 1.) December 31 Physically counted supplies; $90 was on hand at the end of the period. b. Post the transactions to T-accounts and calculate the account balances. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ Service Revenue } \\ \hline Debit & \multicolumn{2}{|c|}{ Credit } \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Enginning Balanoe & & \\ \hline \multicolumn{2}{|c|}{ Debit } & & \\ \hline & & & \\ \hline Balaries Expense & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & \\ \hline \end{tabular}