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Required information [The following information applies to the questions displayed below.] The following transactions pertain to Smith Training Company for Year 1 : Jan. 30

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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 $54,000 cash from the issue of common stock. Feb. 1 Paid rent for offlce space for two years, $33,000 cash. Apr. 10 Purchased $710 of supplies on account. July 1 Received $29,000 cash in advance for services to be provided over the next year. 20 paid $533 of the accounts payable from April 10. Aug. 15 Billed a customer $10,000 for services provided during August. Sept. 15 Completed a job and received $2,900 cash for services rendered. oct. 1 paid employee salaries of $36,000 cash. 15 Received $8,600 cash from accounts receivable. Nov. 16 Billed customers $33,500 for services rendered on account. Dec. 1 paid a dividend of $700 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; $130 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 no entry is required for a transaction/event, select "No journal entry required" in the first account fieid.) Journal entry worksheet 2 Note: Enter debits before credits. \begin{tabular}{|l|l|l|l|l|l|l|} \hline Beg. Bal. & & & & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|l|l|} \hline Beg. Bal. & & & & & & \\ \hline \end{tabular} Apr. 10 Purchased $710 of supplies on account. July 1 Received $29,000 cash in advance for services to be provided over 20 Paid $533 of the accounts payable from April 10. Aug. 15 Billed a customer $10,000 for services provided during August. Sept. 15 Completed a job and received $2,900 cash for services rendered. oct. 1 Paid employee salaries of $36,000 cash. 15 Received $8,600 cash from accounts receivable. Nov. 16 Billed customers $33,500 for services rendered on account. Dec. 1 Paid a dividend of $700 cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract 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; $130 was on hand at the end of the per f. Prepare a post-closing trial balance for Year 1

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