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 $50,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $17.400 cash. Apr. 10 Purchased $760 of supplies on account. July 1 Received $26,000 cash in advance for services to be provided over the next year. 20 Paid $570 of the accounts payable from April 10. Aug. 15 Billed customer 59,700 for services provided during August. Sept. 15 Completed a job and received $2,500 cash for services rendered Oct. 1 Paid employee salaries of $30,500 cash. 15 Received $8,800 cash from accounts receivable. Nov. 16 Billed customers $39,500 for services rendered on account. Dec. 1 Paid a dividend of $1,500 cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract of July 1. 31 Recorded $2,500 of accrued salaries as of December 31. 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted supplies: $70 was on hand at the end of the period. Required a. Record the preceding transactions in the general journal, in the given order. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list View transaction list Journal entry worksheet 1 2 3 7 8 15 Established the business when it acquired $50,000 cash from the issue of common stock, Note: Enter debits before credits Date General Journal Debit Credit Jan 30 Record entry Clear entry View general journal View transaction list Journal entry worksheet 3 4 5 6 7 8 .. 15 > Pald rent for office space for two years, $17,400 cash. Note: Enter debits before credits. Date General Journal Debit Credit Feb 01 Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 4 7 8 15 Purchased $760 of supplies on account. Note: Enter debits before credits. Date General Joumal Debit Credit Apr 10 Record entry Clear entry View general journal View transaction list Journal entry worksheet Billed a customer $9,700 for services provided during August Note: Enter debits before credits. Date General Journal Dobit Credit Aug 15 View general journal Record entry Clear entry View transaction list Journal entry worksheet P8 of 6 View transaction list Journal entry worksheet 2 3 5 6 7 15 Paid employee salaries of $30,500 cash. Note: Enter debits before credits Date General Joumal Debit Credit Oct 01 View general Journal Clear entry Record entry View transaction list Journal entry worksheet 5 6 7 8 9 . 15 Received $8,800 cash from accounts receivable. Note: Enter debits before credits Debit Credit Date General Journal Oct 15 View general Journal Clear entry Record entry *** View transaction list Journal entry worksheet 1 - 5 2 9 10 15 Billed customers $39,500 for services rendered on account. Note: Enter debits before credits Credit Debit Date General Journal Nov 16 View general Journal Clear entry Record entry ER Next > -8 of 6 View transaction list Journal entry worksheet 1 6 7 8 9 10 11 15 Paid a dividend of $1,500 cash to the stockholders. Note: Enter debits before credits. General Joumal Date Credit Dobit Dec 01 View general journal Clear entry Record entry action ist Journal entry worksheet Recorded the rent expense for the year. (See February 1.) Note: Enter debits before credits, Date General Journal Debit Credit Dec 31 View general journal Clear entry Record entry ullansaction list Journal entry worksheet
