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3. Carter owns Electronics Service Centre, which had the following trial balance on December 31, 2019 Trial Balance December 31, 2019 Accounts Debit Credit Cash
3. Carter owns Electronics Service Centre, which had the following trial balance on December 31, 2019 Trial Balance December 31, 2019 Accounts Debit Credit Cash 6,050 Accounts Receivable 2,450 Carter's Capital 14,100 Accounts Payable | 3,425 Tools and Equipment 9,025 17,525 17,525 Summarized transactions for January 2016 were as follows i. Repair services performed during January: for cash $4,200; on account $1,200 ii. Rent Expenses for January, paid in cash, $1,500 iii. Carter's drawings during January were $2,500 iv. Additional tools &equipment purchased on account $4,000 v. Cash collected from customer on account $2,000 vi. Cash paid to supplier on account $2,500 Instructions: Prepare journal entries of the January transactions
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