wnat 1g Correct or incorrect for the work you have completed so far. It does not indicate completion. Return to 2 The following transactions pertain to Smith Training Company for Year 1 Jan. 30 Established the business when it acquired $45,000 cash from the issue of common stock Feb. 1 Paid rent for office space for two years, $24,000 cash Apr. 10 Purchased $3,200 of supplies on account July 1 Received $24,000 cash in advance for services to be provided over the next year Aug. 15 Billed a customer $18,000 for services provided during August oct. 1 Paid employee salaries of $12,000 cash Nov. 16 Billed customers $42,000 for services rendered on account Part 2 of 6 20 Paid $1,500 of the accounts payable from April 10 pleted a job and received $8, 400 cash for services rendered polnts 15 Received $15,000 cash from accounts receivable Dec. 1 Paid a dividend of $15,000 cash to the stockholders services provided on the contract of July 1 31 Adjusted records to recognize the 31 Recorded $3,600 of acerued salaries as of December 31 the rent expense for the year. (see February 1.) 31 Physically counted supplies: $280 was on hand at the end of the period b. Post the transactions to T-accounts and calculate the account balances. & Answer is not complete. Cash Beg. Bal 10/1 O 12.0000 10/1 015 15,000 11/16 42,000 End. Ba End. Bal. 114,000 Beg. Bal Beg. Bal