The following transactions pertain to Chef Training Company for 2013:

Jan. 30 Established the business when it acquired $37,500 cash from the issue of common stock.

Feb. 1 Paid rent for office space for two years, $12,000 cash.

Apr. 10 Purchased $2,650 of supplies on account.

July 1 Received $25,000 cash in advance for services to be provided over the next year.

20 Paid $900 of the accounts payable from April 10.

Aug. 15 Billed a customer $16,000 for services provided during August.

Sept. 15 Completed a job and received $9,500 cash for services rendered.

Oct. 1 Paid employee salaries of $10,000 cash.

15 Received $12,500 cash from accounts receivable.

Nov. 16 Billed customers $37,000 for services rendered on account.

Dec. 1 Paid a dividend of $18,500 cash to the stockholders.

31 Adjusted records to recognize the services provided on the contract of July 1.

31 Recorded $2,250 of accrued salaries as of December 31.

31 Recorded the rent expense for the year. (See February 1.)

31 Physically counted supplies; $240 was on hand at the end of the period.

Required

a. Record the preceding transactions in the general journal.

b. Post the transactions to T-accounts and calculate the account balances.

c. Prepare a trial balance.

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.