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 $49,000 cash from the issue of common stock. February 1 Paid rent for office space for two years, $30,000 cash. April 10 Purchased $820 of supplies on account. July 1 Received $21,000 cash in advance for services to be provided over the next year. July 20 Paid $615 of the accounts payable from April 10 . August 15 Billed a customer $9,800 for services provided during August. September 15 Completed a job and received $2,800 cash for services rendered. October 1 Paid employee salaries of $33,000 cash. October 15 Received $8,400 cash from accounts receivable. November 16 Billed customers $38,500 for services rendered on account. December 1 Paid a dividend of $800 cash to the stockholders. December 31 Adjusted records to recognize the services provided on the contract of July 1. December 31 Recorded $2,450 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. c. Prepare a trial balance