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 $52,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $27,000 cash. Apr. 10 Purchased $870 of supplies on account. July 1 Received $24,000 cash in advance for services to be provided over the next year. 20 Paid $653 of the accounts payable from April 10 . Aug. 15 Billed a customer $9,780 for services provided during August. Sept. 15 Completed a job and received $2,900 cash for services rendered. Oct. 1 Paid employee salaries of $37,680 cash. 15 Received $7,500 cash from accounts receivable. Nov. 16 Billed customers $36,580 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 $2,108 of accrued salaries as of Decerber 31 . 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted supplies; 390 was on hand at the end of the period. 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 1 Record the closure of the dividends account. Note: Enter debits before credits. 1. Prepare a post-closing trial balance for Year 1