Required information [The following information applies to the questions displayed below.] The following transactions pertain to Smith Training Company for Year 1: January30February1April10July1July20August15September15October1October15November16December1December31December31December31December31Establishedthebusinesswhenitacquired$54,000cashfromtheissueofcommonstock.Paidrentforofficespacefortwoyears,$27,000cash.Purchased$900ofsuppliesonaccount.Received$30,000cashinadvanceforservicestobeprovidedoverthenextyear.Paid$675oftheaccountspayablefromApril10.Billedacustomer$9,600forservicesprovidedduringAugust.Completedajobandreceived$2,900cashforservicesrendered.Paidemployeesalariesof$31,500cash.Received$8,300cashfromaccountsreceivable.Billedcustomers33,000forservicesrenderedonaccount.Paidadividendof$800cashtothestockholders.AdjustedrecordstorecognizetheservicesprovidedonthecontractofJuly1.Recorded$2,200ofaccruedsalariesasofDecember31.Recordedtherentexpensefortheyear.(SeeFebruary1.)Physicallycountedsupplies;$70wasonhandattheendoftheperiod. f. Prepare a post-closing trial balance for Year 1. Required information [The following information applies to the questions displayed below.] The following transactions pertain to Smith Training Company for Year 1: January30February1April10July1July20August15September15October1October15November16December1December31December31December31December31Establishedthebusinesswhenitacquired$54,000cashfromtheissueofcommonstock.Paidrentforofficespacefortwoyears,$27,000cash.Purchased$900ofsuppliesonaccount.Received$30,000cashinadvanceforservicestobeprovidedoverthenextyear.Paid$675oftheaccountspayablefromApril10.Billedacustomer$9,600forservicesprovidedduringAugust.Completedajobandreceived$2,900cashforservicesrendered.Paidemployeesalariesof$31,500cash.Received$8,300cashfromaccountsreceivable.Billedcustomers33,000forservicesrenderedonaccount.Paidadividendof$800cashtothestockholders.AdjustedrecordstorecognizetheservicesprovidedonthecontractofJuly1.Recorded$2,200ofaccruedsalariesasofDecember31.Recordedtherentexpensefortheyear.(SeeFebruary1.)Physicallycountedsupplies;$70wasonhandattheendoftheperiod. f. Prepare a post-closing trial balance for Year 1