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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

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.

c. Prepare a trial balance. (Round your final answers to the nearest whole dollar amount.)

SMITH TRAINING COMPANY
Trial Balance
December 31, Year 1
Account Titles Debit Credit
Totals

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