The following transactions pertain to Smith Training Company for Year 1:

Jan.	30		Established the business when it acquired $54,000 cash from the issue of common stock.
Feb.	1		Paid rent for office space for two years, $15,600 cash.
Apr.	10		Purchased $790 of supplies on account.
July	1		Received $30,000 cash in advance for services to be provided over the next year.
	20		Paid $593 of the accounts payable from April 10.
Aug.	15		Billed a customer $10,200 for services provided during August.
Sept.	15		Completed a job and received $3,300 cash for services rendered.
Oct.	1		Paid employee salaries of $36,500 cash.
	15		Received $9,500 cash from accounts receivable.
Nov.	16		Billed customers $38,500 for services rendered on account.
Dec.	1		Paid a dividend of $600 cash to the stockholders.
	31		Adjusted records to recognize the services provided on the contract of July 1.
	31		Recorded $2,200 of accrued salaries as of December 31.
	31		Recorded the rent expense for the year. (See February 1.)
	31		Physically counted supplies; $110 was on hand at the end of the period.

c. Prepare a trial balance.

e. Record the entries to close the Year 1 temporary accounts to Retained Earnings in the general journal and post to the T-accounts.

f. Prepare a post-closing trial balance for Year 1.