very confused could use some help
Required Information The following information applies to the questions displayed below.) The following transactions pertain to Smith Training Company for Year 1: 3an. Be Established the business when it acquired $45,000 cash from the is Feb. 1 Paid rent for office space for two years, $39,000 cash. Apr 18 Purchased $900 of supplies on account. Duly 1 Received $28,500 cash in advance for services to be provided over 2@ Paid $675 of the accounts payable from April 10. Aug. 15 Billed a customer $10,100 for services provided during August. Sept. 15 Completed a job and received $3,200 cash for services rendered. Oct. 1 Paid employee salaries of $38,800 cash. 15 Received $8,000 cash from accounts receivable. Nov. 16 Billed customers $36,500 for services rendered on account. Dec. 1 Paid a dividend of $700 cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract 31 Recorded $2,150 of accrued salaries as of December 31. 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted supplies; $130 was on hand at the end of the peri 1. Prepare a post-closing trial balance for Year 1 SMITH TRAINING COMPANY Post Closing Trial Balance December 31, Year 1 Account Titles Debit Credit Totals 0 13 0 Saved Required Information The following information applies to the questions displayed below) The following transactions pertain to Smith Training company for Year 1: Jan. 3e Established the business when it acquired $45,800 cash from the dissue of common stock. Feb. 1 Paid rent for office space for two years, $39,000 cash. Apr. 10 Purchased $900 of supplies on account. July 1 Received $28,500 cash in advance for services to be provided over the next year 20 Paid $625 of the accounts payable from April 10 Aug. 15 Billed a customer $10,100 for services provided ouring August Sept. 15 Competed a job and received $3,200 cash for services rendere Oct. 1 Paid employee salaries of $38,000 cash. 15 Received $8,000 cash from accounts receivable, Nov 16 Billed customers 536,500 for services rendered on account Dec. 1 Pald Vadena of $700 cash to the stockholders 31 Adjusted records to recognize the Services provided the tract 31 Recorded SAS of accrued salaries as of December 11 3. Recorded the cent expense for the year(see fituar 10 31 Physical counted supplies: $130 was on hand at the end of period Record the entres to close the Yeartemporary accounts to retained Earnings in the general journal and post to the Taccounts entry is required for a transaction/event, select No journal entry required in the first account field.) View transaction My Debit Credit General Journal DAN Required information [The following information applies to the questions displayed below.) The following transactions pertain to Smith Training Company for Year! Jan. 30 Established the business when it acquired $45,eee cash from the issue of common stock Feb. 1 Paid rent for office space for two years, $39, eee cash Apr. 18 Purchased 5900 of supplies on account. July 1 Received $28, see cash in advance for services to be provided over the next year. 20 Pald $675 of the accounts payable from April 10, Aug 15 Billed a customer $10,100 for services provided during August Sept. 15 Completed a job and received $3,200 cash for services rendered Oct. 1 Paid employee salaries of $33,000 cash. 15 Received $3.000 cash from accounts receivable Nov. 16 Billed customer's $36, see for services rendered on account Dec 1 Paia a dividend of $700 cash to the stockholders 31 Adjusted records to recognize the services provided on the contract of July 31 Recorded $2.15e of accrued salaries as of December 31 31 Recorded the rent expense for the year. 509 Februay 31 Physically counted supplies; $130 was on hand at the end of the period d. Prepare the income statement statement of changes in stockholders equity, balance sheet and statement of cash flows for Yeart (Statement of Cash Flows only, enter any decreases to account balonces and cash outflows with a minus sign.) SMITH TRAINING COMPANY Financial Statements For the Year Ended December 31. Year 1 Income Statement Service revenue Expenses c. Prepare a trial balance. SMITH TRAINING COMPANY Trial Balance December 31, Year 1 Account Titles Debit Credit Cash $ 45,000 39.000 900 28,500 Prepaid rent Supplies Cash Accounts payable Accounts receivable Cash Salaries expense 675 10.100 3.200 38.000 Saved ! Required information The following information applies to the questions displayed below.] The following transactions pertain to Smith Training Company for Year 1: July Jan 30 Established the business when it acquired $45,eee cash from the issue of common stock. Feb 1 Paid rent for office space for two years, $39,000 cash. Apr 10 Purchased $900 of supplies on account, 1 Received $28,500 cash in advance for services to be provided over the next year. 20 Paid $675 of the accounts payable from April 19. Aug. 15 Billed a customer $10,100 for services provided during August. Sept. 15 Completed a job and received $3,200 cash for services rendered. OG 1 Paid employee salaries of $38, ese cash. 15 Received $8,000 cash from accounts receivable. NOV 16 Billed customers $36,500 for services rendered on account. Dec. 1 Paida dividend of $788 cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract of July 1. 31 Reconded $2,158 of accrued salaries as of December 31. 31 Recorded the rent expense for the year. See February 1. 31 Physical y counted supplies $120 was on hand at the end of the period. Required a. Record the preceding transactions in the general journal in the given order (If no entry is required for a trem "No journal entry required" in the first account field.)
