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 $51,000 canh from the issue of common stock. February 1 Paid Ient for office space for two yeara, $21,000 cash. Apri1 10 Purchased $740 of supplies on account. July 1 Received $27,000 eash in advance for services to be provided over the next year. July 20 Paid $555 of the accounts payable frum April 10. August 15: Billed a customer $9,700 for servicen provided during August. Septesber 15 Completed a job and received $3,300 cash for services rendered. October 1 Paid exployee salaries of $32,000 cash. Novesber 16 Received $8,100 cash $ rom accounts receivable. December 1 Dethed cuatomers $39,000 for aervices rendered on account. December 31 . Adid a dividend of $600 cash to the atoekholdera. December 31 Pecorded records to recognize the services provided on the contract of July 1. December 31 Recorded $2,000 of accrued salaries as of December 31 . December 31 Physded the rent expense for the year. (see Pebruary 1.) Physically counted suppliest \$80 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. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the closure of service revenue. Note: Enter debits before credits. Journal entry worksheet Record the closure of expense accounts. Note: Enter debits before credits. Journal entry worksheet Record the closure of the dividends account. Note: Enter debits before credits. Rotained Earnings \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Service Revenue } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular}