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

Jan.	30		Established the business when it acquired $48,000 cash from the issue of common stock.
Feb.	1		Paid rent for office space for two years, $17,400 cash.
Apr.	10		Purchased $880 of supplies on account.
July	1		Received $28,000 cash in advance for services to be provided over the next year.
	20		Paid $660 of the accounts payable from April 10.
Aug.	15		Billed a customer $9,300 for services provided during August.
Sept.	15		Completed a job and received $2,600 cash for services rendered.
Oct.	1		Paid employee salaries of $31,000 cash.
	15		Received $8,700 cash from accounts receivable.
Nov.	16		Billed customers $31,500 for services rendered on account.
Dec.	1		Paid a dividend of $1,100 cash to the stockholders.
	31		Adjusted records to recognize the services provided on the contract of July 1.
	31		Recorded $2,500 of accrued salaries as of December 31.
	31		Recorded the rent expense for the year. (See February 1.)
	31		Physically counted supplies; $80 was on hand at the end of the period.

b. Post the transactions to T-accounts and calculate the account balances. (Round your answers to the nearest whole dollar amount.)

Cash					Accounts Receivable
Beg. Bal.					Beg. Bal.
					End. Bal.
End. Bal.
Prepaid Rent					Supplies
Beg. Bal.					Beg. Bal.
End. Bal.					End. Bal.
Accounts Payable					Unearned Revenue
Beg. Bal.					Beg. Bal.
End. Bal.
Salaries Payable					Common Stock
Beg. Bal.					Beg. Bal.
End. Bal.					End. Bal.
Dividends					Service Revenue
Beg. Bal.					Beg. Bal.
End. Bal.
					End. Bal.
Rent Expense					Salaries Expense
Beg. Bal.					Beg. Bal.
End. Bal.
					End. Bal.
Supplies Expense
Beg. Bal.
End. Bal.