The following transactions pertain to Price Corporation for 20xx:

Jan. 1Acquired $25,000 cash from the issuance of common stock.Mar. 1 Paid rent for office space for two years, $8,400 cash.Apr. 14Purchased $400 of supplies on account.June 30Received $12,000 cash in advance for services to be performed over the next yearJuly 5Paid $300 of the accounts payable from April 14thAug. 1Billed a customer for $24,800 of services provided during July.Sept.  1Paid employees salaries of $18,000 cash.Sept. 9Received $4,250 cash from accounts receivable.Nov. 2Paid a $500 cash dividend to the stockholders.Dec 31 Adjusted records to recognize the services provided on the contract of June 30.Dec 31Recorded $1,100 of accrued salaries as of December 31st.Dec 31Recorded the rent expense for the year. (See March 1)Dec 31Physically counted supplies; $50 on hand at the end of the year.

Record the preceding transactions in the general journal.

create trial balance after closing. (Post Closing Trial Balance)