Required information (The following information applies to the questions displayed below) The following transactions pertain to Smith Training Company for Year 1 Jan. 30 Established the business when it acquired $46,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $39,000 cash. Apr. 10 Purchased $7se of supplies on account. July 1 Received $20,000 cash in advance for services to be provided over the next year. 20 Paid 5563 of the accounts payable from April 10. Aug. 15 Billed a customer 59,000 for services provided during August. Sept. 15 Completed a job and received $2,900 cash for services rendered. Oct. 1 Paid employee salaries of $32,500 cash. 15 Received $8,400 cash from accounts receivable. Nov. 16 Billed customers 534,000 for services rendered on account: Dec. 1 Paid a dividend of $1,000 cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract of July 1. 31 Recorded $2,100 of accrued salaries as of December 31. 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted supplies; 580 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.cn no entry is required for o transaction/event, select "No journal entry required" in the first account field.) WINDISININ Required information Journal entry worksheet Record the closure of service revenue. Note: Enter debits before credits Date General Journal Dec 31 Debit Credit Record the closure of expense accounts. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit artistic Required information Journal entry worksheet