Reference no: EM132188523

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

Jan. 30 Established the business when it acquired $54,000 cash from the issue of common stock.

Feb. 1 Paid rent for office space for two years, $16,400 cash.

Apr. 10 Purchased $800 of supplies on account.

July 1 Received $22,500 cash in advance for services to be provided over the next year.

July 20 Paid $600 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 $3,100 cash for services rendered.

Oct. 1 Paid employee salaries of $33,500 cash.

Oct. 15 Received $7,600 cash from accounts receivable.

Nov. 16 Billed customers $30,500 for services rendered on account.

Dec. 1 Paid a dividend of $800 cash to the stockholders.

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

Dec. 31 Recorded $2,050 of accrued salaries as of December 31.

Dec. 31 Recorded the rent expense for the year.

Dec. 31 Physically counted supplies; $120 was on hand at the end of the period.

Required - Record the preceding transactions in the general journal, in the given order.