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: 30 Established the business when it acquired $52,000 cash from the issue of common Jan. stock. Feb. 1 Paid rent for office space for two years, $16,400 cash. Apr. 10 Purchased $700 of supplies on account. July 1 Received $25,000 cash in advance for services to be provided over the next year. 20 Paid $525 of the accounts payable from April 10. Aug. 15 Billed a customer 59,700 for services provided during August Sept. 15 Completed a job and received $3,100 cash for services rendered. Oct. 1 Paid employee salaries of $37,500 cash. 15 Received $8,700 cash from accounts receivable. Nov. 16 Billed customers 532,500 for services rendered on account. Dec. 1 Paid a dividend of $800 cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract of July 1. 31 Recorded $2,100 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. blem 3-32A Part a uired acord the preceding transactions in the general journal in the given order. (Do not round intermediate ulations. Round your final answers to the nearest whole dollar amount. If no entry is required for a saction/event, select "No journal entry required" in the first account field.) iw transaction list Journal entry worksheet 7 3 8 > 1 15 5 6 2 Established the business when it acquired $52,000 cash from the issue of common stock Noter Enter debit before credits General Journal Debit Credit Date Jan 30