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 $54,800 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $16,800 cash. Apr. 10 Purchased $900 of supplies on account. July 1 Received $29,000 cash in advance for services to be provided over the next year. 20 Paid $675 of the accounts payable from April 10. Aug. 15 Billed a customer $10,000 for services provided during August. Sept. 15 Completed a job and received $2,600 cash for services rendered. Oct. 1 Paid employee salaries of $37,500 cash. 15 Received $8,500 cash from accounts receivable. Nov. 16 Billed customers $35,500 for services rendered on account. Dec. 1 Paid a dividend of $600 cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract of July 1. 31 Recorded $2,450 of accrued salaries as of December 31. 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted supplies; $110 was on hand at the end of the period. Problem 3-32A Part d d. Prepare an income statement, statement of changes in stockholders' equity, balance sheet and statement of cash flows for Yeart (Round your final answers to the nearest whole dollar amount. Statement of Cash Flows only, items to be deducted must be indicated with a negative amount.) of 12 Next > 12