[The following information applies to the questions displayed below.] The following transactions pertain to Smith Training Company for Year 1: January 301 February 1 April 10 July 1 July 201 August 15 October 1 September 15 October 15 November 16 December 1 December 31 December 31 December 31 December 31 Established the business when it acquired $51,000 cash from the issue of common stock. Paid rent for office space for two years, $21,000 cash. Purchased $740 of supplies on account. Received $27,000 cash in advance for services to be provided over the next year. Paid $555 of the accounts payable from April 10. Billed a customer $9,700 for services provided during August. Completed a job and received $3,300 cash for services rendered. Paid employee salaries of $32,000 cash. Received $8,100 canh from accounts receivable. Billed customers $39,000 for services rendered on account. Paid a dividend of $600 cash to the stockholders. Adjusted records to recognize the services provided on the contract of July 1. Recorded $2,000 of accrued salaries as of December 31. Recorded the rent expense for the year. (See February 1.) Physically counted supplies; $80 was on hand at the end of the period.. c. Prepare a trial balance.. SMITH TRAINING COMPANY Required information SMITH TRAINING COMPANY Trial Balance December 31, Year 1 Totals Account Titles Debit Credit