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The following transactions pertain to Smith Training Company for Year 1: January 30 Established the business when it acquired $45,000 cash fron the issue of

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The following transactions pertain to Smith Training Company for Year 1: January 30 Established the business when it acquired $45,000 cash fron the issue of comen stock. February 1 pald rent for office space for two years, $24,000 cash. April te purchased $3,260 of supplies on account. July 1 Received $24, eee cash in advance for services to be provided over the next year. Juty 20 Paid $1,500 of the accounts payable fron Aprit 10. August is Bitted a custoner \$18, 000 for services provided during August. Septenber 15 conpleted a job and received 58,400 cash for services rendered. October 1 Paid enployee salaries of $12,000 cash. october 15 Recelved $15, eee cash fron accounts receivable. Noventer 16 silled custoners 542,000 for services rendered on account. Decenber 1 paid a dividend of $15,000 cash to the stockholders. Decenber 31 Adjusted records to recognize the services provided on the contract of July 1. Decenber 31 Recorded \$3,600 of accrued salaries as of December 31 . Decenber 31 Recorded the rent expense for the year. (See February 1.) Decenter 31 physically counted supplies; $200 was on hand at the end of the period. Required a. Record the preceding transactions in the general journal. b. Post the transactions to T-accounts. (You will also post the closing entries in Req E to these T-accounts) c. Prepare an adjusted Trial Balance. d-1. Prepare an income statement for Year 1. d-2. Prepare a statement of changes in stockholders' equity for Year 1. d-3. Prepare a balance sheet for Year 1. d-4. Prepare a statement of cash flows for Year 1. e. Record the entries to close the Year 1 temporary accounts to Retained Earnings in the general journal. f. Prepare a post-closing trial balance for December 31, Year 1. Complete this question by entering your answers in the tabs below. Prepare a post-dosing trial balance for December 31, Year 1

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