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

$18$

points

January $30$ Established the business when it acquired $$45,000$ cash from the issue of common stock.

February $1$ Paid rent for office space for two years, $$24,000$ cash.

April $10$ Purchased $$3,200$ of supplies on account.

July $1$ Received $$24,000$ cash in advance for services to be provided over the next year.

July $20$ Paid $$1,500$ of the accounts payable from April $10.$

August $15$ Billed a customer $$18,000$ for services provided during August.

September $15$ Completed a job and received $$8,400$ cash for services rendered.

october $1$ Paid employee salaries of $$12,000$ cash.

$0$ctober $15$ Received $$15,000$ cash from accounts receivable.

November $16$ Billed customers $$42,000$ for services rendered on account.

December $1$ Paid a dividend of $$15,000$ cash to the stockholders.

December $31$ Adjusted records to recognize the services provided on the contract of July $1.$

December $31$ Recorded $$3,600$ of accrued salaries as of December $31.$

December $31$ Recorded the rent expense for the year. $($See February $1.)$

December $31$ Physically counted supplies; $$280$ 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.

Req B

Req C

Req D$1$

Req D$1$

Req E

ReqF

Record the preceding transactions in the general journal. $($Do not round intermediate calculations. If no entry is required for a transaction$/$event$,$ select $"$No iournal entry required" in the first account field.$)$