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 cash from the issue of common stock. Pebruary 1. Paid rent for office space for two years, $21,000 cash. April 10 Purchaned $740 of bupplies on account. July 1 Received $27,000 cash in advanee for nervieen to be provided over the next year. July 20 Pald 5555 of the accounts payable fros Apri1 10. Auguat 15 ailled a custoner $9,700 for services provided during August. September is Conpleted a job and received $3,300 cash for eervicen rendered. October 1 Paid enployee nalaries of $32,000 cash. october is peceived $8,100 cash fron accountin receivable. November 16 Bslled cuatomera $39,000 for nervices rendered on account. December 1 Paida dividend of $600 cash to the stoekholdera. December 31 hdjusted records to recognize the servicen provided on the contract of July 1. December 31 Recorded $2,000 of accrued alaries as of December 31. December 31 Recorded the ront expense for the year. (See Pebruary 1.) Deceaber 31 Physically counted aupplies; $80 was on hand at the ond of the period. f. Prepare a post-closing trial balance for Year 1. 1 Required information \begin{tabular}{|c|c|} \hline SMITH TRAINING COMPANY \\ \hline Post-Closing Trial Balance \\ \hline December 31, Year 1 & \\ \hline Account Titles & \\ \hline & \\ \hline & \\ \hline \end{tabular} 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 cash from the issue of common stock. Pebruary 1. Paid rent for office space for two years, $21,000 cash. April 10 Purchaned $740 of bupplies on account. July 1 Received $27,000 cash in advanee for nervieen to be provided over the next year. July 20 Pald 5555 of the accounts payable fros Apri1 10. Auguat 15 ailled a custoner $9,700 for services provided during August. September is Conpleted a job and received $3,300 cash for eervicen rendered. October 1 Paid enployee nalaries of $32,000 cash. october is peceived $8,100 cash fron accountin receivable. November 16 Bslled cuatomera $39,000 for nervices rendered on account. December 1 Paida dividend of $600 cash to the stoekholdera. December 31 hdjusted records to recognize the servicen provided on the contract of July 1. December 31 Recorded $2,000 of accrued alaries as of December 31. December 31 Recorded the ront expense for the year. (See Pebruary 1.) Deceaber 31 Physically counted aupplies; $80 was on hand at the ond of the period. f. Prepare a post-closing trial balance for Year 1. 1 Required information \begin{tabular}{|c|c|} \hline SMITH TRAINING COMPANY \\ \hline Post-Closing Trial Balance \\ \hline December 31, Year 1 & \\ \hline Account Titles & \\ \hline & \\ \hline & \\ \hline \end{tabular}