The trial balance of Pacilio Security Services Inc. as of January 1.2014. had the followin mal balances: Cash Accounts Receivable Supplies Prepaid Rent $12,500 3,500 120 1,000 4,000 900 1,000 8,000 11,220 Unearned Revenue Salaries Payable Common Stock Retained Earnings In 2014, Pacilio Security Services decided to expand its business to sell security offer 24-hour alarm monitoring services. It plans to phase out its current service of provi security personnel at various events. The following summary transactions occurred during 20 1. Paid the salaries payable from 2013. 2. Acquired an additional $42,000 cash from the issue of common stock. 3. Rented a larger building on May 1; paid S6,000 for 12 months' rent in advance 4. Paid $780 cash for supplies to be used over the next several months by the business. 5. Purchased 50 alarm systems for resale at a cost of S12.000. The alarm systems were systems pur- chased on account with the terms 2/10, n/30. 6. Returned one of the alarm systems that had a cost of $240. 7. Installed 40 alarm systems during the year for a total sales amount of $20,000. The cost of these systems amounted to $9,440. S15,000 of the sales were on account and $5,000 were cash sales. 8. Paid the installers and other employees a total of $9,500 in salaries. 9. Sold $36,000 of monitoring services for the year. The services are billed to the customers each month. 10. Paid cash on accounts payable. The payment was made before the discount period expired. At the time of purchase, the inventory had a cost of $7,920. 11. Paid cash to settle additional accounts payable. The payment was made after the discount period expired. At the time of purchase, the inventory had a cost of $2,880. 12. Collected $43,000 of accounts receivable during the year 13. Performed S12.000 of security services for area events; $9,000 was on account and $3,000 was for cash. 14. Paid advertising cost of $1.620 for the year 15. Paa dividend of $12.000 to the shareholders. 100 for utilities expense for the year Accounting for Merchandising Businesses 273 Adustment Information of s150 were on hand at the end of the year. gnized the expired rent for the year the balance of the uncarned revenue; cash was received in 2013. 19. Accrued salaries at December 31, 2014, were $1, 500 Required he above transactions in general journal form. (Round amounts to the nearest s. dollar.) Post the transactions to T-accounts c Prepare a trial balance an income statement, statement of changes in stockholders' equity, balance sheet. and statement of cash flows Close the temporary accounts to retained earnings the closing entries to the T-accounts and prepare a post-closing trial balance