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The following transactuone pertain to Smith Traming Company for Yeart: Yebruary i pald rent foe office specte for two years, 524 , ete cavi. July i hrcelved 324,000 cash in advance for services to te provided owr be ient year. october 15 Ancelved sis, ebe cash from accounts rockivahle. Decenter I fald a atvidend of 3is, 600 cavh to the stoctholders. Decinter in mysically counted supsiles; $200 was on hand at the end of the perjod. Requited a. Record the preceding transactions in the general journal b. Post the transactions to Taccounts. (lou will also post the dosing entries in Req E to these Taccounts) C. Prepare an adusted Trial Balance. d.1. Prepare an income statement for Vear 1 d-2. Prepare a statement of changet in stockholders' equity for Year i d3. Prepare a balance sheet for Year t d-4. Prepare a statement of cash flows for Year 1. c. Record the entres to close the Year 1 temporary accounts to Retained Eamings in the general joumak. t. Prepare a post-closing trial balance for Docember 3t. Yoat 1 . Complete this question by eotering your answers in the tabs below. Prepare a statsment of cash flows for Vear 1. (Enter cash eudfovs with a mimis sign.) The following transactoons pertain to Smith Training Company for Woar t Jarwary 30 fstablished the business when it acquired $45,000 cash from the issue af cormon stock; Feturuary 1 paid rent for office space for tow years, $24, 000 cash. Apr 11 10 Purchased $3,200 of supplies on account. July 1 Recelives $24, eve cash in advance for services to te provioed over the next year. July 20 pald $1,500 of the accounts payable fron karli 10. August is bilind a custaner sis, eve for services provided dirling Augiest. Septeeber is Conpleted a job and recielved $8,400 cash for services rendered. october 1 pald enployee salartes of $12, 600 cash. october 15 Recelved $15,000 cash froe accounts receivable. decenter 1 Fald a dividend of 515,000cash to the stockholders. Decenter 31 Adjuted records te recognize the services provided on the contract of July 1. Deceeber 31 Recorded 53,60 of aecrued salarles as of Decenter 11 . becenber 31 Recorded the rent expense for the year, (See February 1.) Requited a. Record the preceding transactons in the general joumal b. Port the transactons to T-accounts. (You will aiso port the closing entries in Req E to these T-accourts) c. Prepare an adjusted Trial Balance d-1. Prepare an income statement for Year 1 . d-2. Prepare a statement of changes in stockhoiders' 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 cloce the Year 1 temporary accounts to Retained Eamings in the general journat. f. Prepare a post-ciosing trial balance for December 31, Year 1 . Q Answer is not complete. Complete this question by entering your answers in the tabs below. Record the entries to close the Year 1 temporary accounts to Recained Earnings in the general joutnal. (If no entry is required for a transaction'evert, select "No joumal entry required" in the first account field.) The followkng transactions pertain to Smrh Training Company for Yoar 1 . february 1 pald rent for oftice space for two yeors, $24,000 cash. Ape11 18 Durchined $3,200 of supplies on accovent. July 20 Paid 51 , 500 of the accounts pryable froe keril 19 sugust is bilied a cistiner s18,600 for services provided ducine Ausat. Septesber 15 Coepleted a job and reselved 38,4a6 cash for vervices rendered. october: 1 Pald enployee sallaries of $12, wa cash. Required a. Record the preceding transactions in the general joumal b. Post the transactions to T-accounts. Mou wh also post the docting entries in Reg E to these Taccounts) c. Prepare an adjusted Trial Balance. d-1. Prepare an income statement for Year 1. d2. Prepare a statement of changeb in gtockhoiders' equity for Year 1 d3. Prepare a balance sheet for Yesr 1 . d-4. Prepare a statement of cach flows for Vear 1 c. Record the entries to close the Year 1 temporary accounts to Reteined Earnings in the general journal: f. Prepare a post-dosing trat balance for December 3t. Year 1 (3) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a post dosing trial balance for December 31, Year 1

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