Required information [The following information applies to the questions displayed below.] The following transactions pertain to Smith Training Company for Year 1 : January 30 Established the business when it acquired $46,00 cash from the issue of common stock. February 1 Paid rent for office space for two years, $33,000 cash. April 10 Purchased $780 of supplies on account. July 1 Received $27,500 cash in advance for services to be provided over the next year. July 20 Paid $585 of the accounts payable from April 10. August 15 Billed a customer $10,300 for services provided during August. September 15 Completed a job and received $2,900 cash for services rendered. October 1 Paid employee salaries of $32,500 cash. October 15 Received $8,100 cash from accounts receivable. November 16 Billed customers $36,000 for services rendered on account. December 1 Paid a dividend of $700 cash to the stockholders. December 31 Adjusted records to recognize the services provided on the contract of July 1. December 31 Recorded $2,150 of accrued salaries as of December 31 . December 31 Recorded the rent expense for the year. (See February 1.) December 31 Physically counted supplies; $140 was on hand at the end of the period. b. Post the transactions to T-accounts and calculate the account balances. Required information [The following information applies to the questions displayed below.] c. Prepare a trial balance