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Check my work 5 Of6 Required Information Problem 3-32A Comprehensive problem: single cycle LO 3-1, 3-2, 3-3, 3-4 The following information applies to the questions displayed below) The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it sequired $45,000 cash from the insue of common steek. Fab. 1 Paid rent for office space for two years, $24,000 cash. Apr. 10 Purchased $3,200 of supplies on account. July 1 Received $24,000 cash in advance for services to be provided over the next year. 20 Paid $1,500 of the accounts payable from April 10. Aug. 15 milled a customer $18,000 for services provided during August. Sept. 15 Completed a job and received $0,400 cash for services rendered. Oct. 1 Paid employee salaries of $12,000 cash. 15 Received $15,000 cash from accounts receivable. Nov. 16 milled customers $42,000 for services rendered on account. Dec. 1 Paid a dividend of $15,000 cash to the stockholders. 31 Adjusted records to recognize the services provided bn the contract of July 1. 31 Recorded $3,600 of accrued salaries as of December 31. 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted supplies; $280 was on hand at the end of the period. Part 4 of 6 SMITH TRAINING COMPANY Statement of Cash Flowe For the Year Ended December 11 Year Cash flow from operating activities: 10 points eBook $ 0 Ask Net cash flow from operating activities Cash flow from investing activities Cash flows from financing activities: References Net cash flow from financing activities $ 0 Ending cash balance

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