The following transactions pertain to Smith Training Company for Year 1: January 30 Established the business when it acquired $49,000 cash from the issue of common stock. February 1 Paid rent for office space for two years, $16,400 cash. April 10 Purchased $850 of supplies on account. July 1 Received $23,500 cash in advance for services to be provided over the next year. July 20 Paid $638 of the accounts payable from April 10. August 15 Billed a customer $9,600 for services provided during August. September 15 Completed a job and received $2,600 cash for services rendered. October ! Pald employee salaries of $38,000 cash. October 15 Received $7.600 cash from accounts receivable. November 16 Billed customers $36,500 for services rendered on account. December 1 Paid a dividend of $1,300 cash to the stockholders. December 31 Adjusted records to recognize the services provided on the contract of July 1. December 31 Recorded $2,150 of accrued salaries as of December 31 December 31 Recorded the rent expense for the year. (See February 1.) December 31 Physically counted supplies $130 vas on hand at the end of the period. Required a. Record the preceding transactions in the general Journal b. Post the transactions to Taccounts. (You will also post the closing entries in Reg 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 e. Record the entries to close the Year 1 temporary accounts to Retained Earnings in the general journal and post to the T-accounts. 1. Prepare a post-closing trial balance for December 31, Year 1. Complete this question by entering your answers in the tabs below. Reg A Reg Regc Reg Di Reg D2 Reg Da Reg ReqF ReqA ReqB Reqc Reg D1 Reg D2 Reg Dj Red E ReqF Record the preceding transactions in the general Journal. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount. If no entry is required for a transaction/event, select "No Journal entry required in the first account field.) View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Req A Reg B Reqc Reg Di Reg D2 Reg D3 Req Reg F Prepare a statement of changes in stockholders' equity for Year 1. SMITH TRAINING COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 0 0 Total Stockholders' Equity $ 0 Req A Red B ReqC Reg D1 Reg D2 Reg D3 Reg E ReqF Prepare a balance sheet for Year 1. SMITH TRAINING COMPANY Balance Sheet As of December 31, Year 1 Assets $ 0 Total assets Llabilities $ 0 Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 0 $ 0 Reg D2 ReqE > transaction/event, select "No journal entry required in the first account miela) View transaction list Journal entry worksheet Record the closing entry for revenues. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal Complete this question by entering your answers in the tabs below. Rega Reg B Reqc Reg D1 Req D2 Reg D3 Reg E Reg *** Prepare a post-closing trial balance for December 31, Year 1. SMITH TRAINING COMPANY Post-Closing Trial Balance December 31, Year 1 Account Titles Debit Credit Totals $ 0 $ 0