Events for Year 2 Paid $6,200 cash for the salaries accrued at the end of the prior accounting period. Performed services for cash of $59,000. Purchased $4,700 of supplies on account. Paid $16,200 cash in advance for rent. The payment was for one year beginning April 1, Year 2. Performed services for customers on account for $126,000. Incurred operating expenses on account of $60,500. Collected $108,000 cash from accounts receivable. Paid $58,000 cash as a partial payment on accounts payable. Paid $33,400 cash for salary expense. Paid a $10,000 cash dividend to stockholders. Adjusting Entries Made the adjusting entry for the expired rent. (Hint: Part of the rent was paid in Year 1.) Recorded supplies expense. A physical count showed that $400 of supplies were still on hand. g. Repeat parts a through f for Year 2. Post the Year 2 events to T-accounts.