Problem $13-33$A Comprehensive problem: single cycle

The following transactions pertain to Smith Training Company for Year $1$:

Jan. $1$ Established the business when it acquired $$25,000$ cash from the issue of common stock.

Mar. $1$ Paid rent for office space for two years, $8,400$ cash.

Apr. $14$ Purchase $$400$ of supplies on account.

Jun $30$ Received $12,000$ cash in advance for services to be provided over the next year.

July $5$ Accounts payable paid $$300$

Aug. $15$ Billed a customer $$4,800$ for services provided during July.

Aug $8$ Cash recvived for services rendered $$1,600$

Sep. $1$ Paid employee salaries of $$18,000$ cash.

$9$ Received $$4,250$ cash from accounts receivable.

Oct $5.$ Billed customers $$17,000$ for services rendered on account.

Nov. $2$ Paid a dividend of $$500$ cash to the stockholders.

Dec.

$31$ Adjusted records to recognize the services provided on the contract.

$31$ Recorded $$1,100$ of accrued salaries

$31$ Recorded the rent expense for the year.

$31$ Physically counted supplies; $$50$ was on hand at the end of the period.

Required

d$.$ Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows.

e$.$ Prepare the closing entries at December $31.$

f$.$ Prepare a trial balance after the closing entries are posted.