The following transactions pertain to Smith Trajning Company for Year 1: January Established the business when it acquired $50,000 cash from 30 the issue of common stock. February Paid rent for office space for two years, $15,700 cash. April 10 Purchased $780 of supplies on account. July 1 Received $29,000 cash in advance for services to be provided July 1 rever the next year. July 20 Paid $585 of the accounts payable from April 10. August 15 Billed a customer $9,400 for services provided during September Completed a job and received $2,600 cash for services 15 rendered. October 1 Paid employee salaries of $36,000 cash. October 15 Received $9,500 cash from accounts receivable. November 16 Billed customers $37,000 for services rendered on account. December Paid a dividend of $1,200 cash to the stockholders. December Adjusted records to recognize the services provided on the 31 contract of July 1. December Recorded $2,350 of accrued salaries as of December 31 . December 31 Recorded the rent expense for the year. (See February 1.) December Physically counted supplies; 580 was on hand at the end of 31 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 joumal and post to the T-accounts. f. Prepare a post-closing trial balance for December 31, Year 1