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, $30,000 cash. Apr. 10 Purchased $790 of supplies on account. July 1 Received $26,000 cash in advance for services to be provided over the next year. 20 Paid $593 of the accounts payable from April 10. Aug. 15 Billed a customer $10,100 for services provided during August. Sept. 15 Completed a job and received $2,500 cash for services rendered. Oct. 1 Paid employee salaries of $34,500 cash. 15 Received $7,500 cash from accounts receivable. Nov. 16 Billed customers $35,500 for services rendered on account. Dec. 1 Paid a dividend of $1,300 cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract of July 1. 31 Recorded $2,300 of accrued salaries as of December 31. 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted supplies; $120 was on hand at the end of the period. b. Post the transactions to T-accounts and calculate the account balances. Beg Bal Cash End. Bal 0 0 Beg. Bal Accounts Receivable End. Bal 0 0 b. Post the transactions to T-accounts and calculate the account balances. Beg. Bal Cash End. Bal. 0 P Beg. Bal. Prepaid Rent Beg Bal End. Bal. Accounts Receivable Supplies Beg. Bal End. Bal.. 0 0 End. Bal. Accounts Payabi Beg Bal End. Bal Salaries Payable Beg. Bal 0 0 0 Unearned Revenue Beg. Bal 0 0 Common Stock Beg Bal End Bal 0 0 End. Bal Required information End. Bal. Dividends Beg. Bal. End. Bal. 0 0 Rent Expense Beg. Bal End. Bal Beg. Bal End. Bal. Service Revenue 0 0 Salaries Expense Beg Bal End. Bal. 0 0 End. Bal Beg. Bal Supplies Expense End. Bal. 0 0