Required Information [The following information applies to the questions displayed below.] The following transactlons pertain to Smith Training Company for Year 1 : Jan. 30 Established the business when it acquired $49,0 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $39, e cash. Apr. 18 Purchased $820 of supplies on account. July 1 Received $23,560 cash in advance for services to be provided over the next year. 20 Paid $615 of the accounts payable from April 10. Aug. 15 Billed a customer $19,300 for services provided during August. Sept.15 Completed a job and received $2,600 cash for services rendered. oct. 1 Paid employee salaries of $32,500 cash. 15 Received $7,500 cash from accounts receivable. Nov. 16 Billed customers $39,06 for services rendered on account. Dec. 1 Paid a dividend of $606 cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract of July 1. 31 Recorded $2,350 of accrued salaries as of December 31 . 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted supplies; $110 was on hand at the end of the period. f. Prepare a post-closing trlal balance for Year 1