Required Information [The following information applies to the questions dispiayed below] The following transactions pertain to Smith Training Company for Year 1 : Janoary 30 Established the busiaess men it acquired \$96,000 cash from the issue of coomon stock. April 10 Purchased 9810 of supplies on account. 2uly 1 Recelved 126,500 casb in advance for services to be provided over the next year. July 20 gaid seall of the accounts payable fron April 10 Septenber 15 coapleted a job and cecelved is,200 cash for surylces rendered. october 1 Pald exployed salaries of 334 , gee eash. October is received 11,400 cash frod accounts rece1vable. Novorber ib bilied custorers 135,900 for servicesfrendered on account. Deceeber 1 Pald a dividend of s7eo cash to tae stockholders. beconben 31 Adjosted records to recognize the services provided on the contcact of july 1. Decetber 31 Recorded $2,000 of accreed salanies as of Decerber 11. Decerber. 31. Hecorded the rent expense for the year. (sed fobruacy 1.) Decenber 21 Phystcally counted supplies; 130 . was on hand at the end of the period: b. Post the transactions to T-accounts and calculate the account balances