O 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 acquired 548,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $16,100 cash. Apr. 10 Purchased $880 of supplies on account. July 1 Received $29,000 cash in advance for services to be provided over the next year. 20 Paid $660 of the accounts payable from April 18. Aug. 15 Billed a customer $9,100 for services provided during August. Sept. 15 Completed a job and received $2,600 cash for services rendered. Oct. 1 employee salaries of $35,000 cash. 15 Received $9, 100 cash from accounts receivable. Nov. 16 Billed customers $37,500 for services rendered on account. Dec. 1 Paid a dividend of $1,400 cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract of July 1. 31 Recorded $2,309 of accrued salaries as of December 31. 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted supplies: $120 was on hand at the end of the period. Problem 3-32A Part b b. Post the transactions to T-accounts and calculate the account balances. (Note: The balances before closing must be transferred to the T-accounts in Part e.) (Round your answers to the nearest whole dollar amount.) Accounts Receivable Cash Ron Al Ron Rol Ik my WORK View previous Problem 3-32A Part b b. Post the transactions to T-accounts and calculate the account balances. (Note: The balances before closing must be transferred to the T-accounts in Part e.) (Round your answers to the nearest whole dollar amount.) Cash Accounts Receivable Beg. Bal Beg. Bal Balance before closing 0 Balance before closing 0 0 Prepaid Rent Supplies Bog. Bal Bog. Bat. Balance before closing 0 Balance before closing Unearned Revenue Accounts Payable Beg Bal Beg Bal 0 0 0 Balance before closing Balance before closing GP 10 9 B 12 of 12 Required information Salaries Payable Common Stock Beg Bal Beg Bal Balance before closing 0 0 Balance before closing 0 Dividends Service Revenue Bog. Bal. Beg Bal 0 0 Balance before closing 0 Balance before closing ces Salarius Expense Rent Expense Beg. Bal Beg Bal 0 0 Balance before closing 0 0 Balance before closing Supplies Expense Bea. Bal B 9 Next > 10 12 of 128