Required information [The following information applies to the questions displayed below.] The following transactions pertain to Smith Training Company for Year 1 : January 30 Established the business when it acquired $49,000 cash from the issue of common stock. February 1 Paid rent for office space for two years, $30,000 cash. April 10 Purchased $730 of supplies on account. July 1 Received $25,500 cash in advance for services to be provided over the next year. July 20 Paid $548 of the accounts payable from April 10. August 15 Billed a customer $9,300 for services provided during August. September 15 Completed a job and received \$2,500 cash for services rendered. October 1 Paid employee salaries of $31,500 cash. October 15 Received $7,900 cash from accounts receivable. November 16 Billed customers $30,000 for services rendered on account. December 1 Paid a dividend of $1,300 cash to the stockholders. December 31 Adjusted records to recognize the services provided on the contract of July 1. December 31 Recorded $2,400 of accrued salaries as of December 31 . December 31 Recorded the rent expense for the year. (See February 1.) December 31 Physically counted supplies; $110 was on hand at the end of the period. f. Prepare a post-closing trial balance for Year 1