A: Open T-accounts for each of the accounts listed in the trial balance, and enter the opening balances for 2017.

B: Prepare journal entries to record each of the January transactions.

Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2016 (the end of its fiscal year).

TABLETTE REPAIR SERVICE, INC. Trial Balance December 31, 2016
		Debit		Credit
Cash		$ 9,000
Accounts Receivable		15,100
Supplies		12,700
Prepaid Rent		2,800
Equipment		19,300
Accounts Payable				$16,500
Common Stock				31,000
Retained Earnings				11,400
		$58,900		$58,900

Summarized transactions for January 2017 were as follows.

1.		Advertising costs, paid in cash, $1,120.
2.		Additional supplies acquired on account $4,150.
3.		Miscellaneous expenses, paid in cash, $2,020.
4.		Cash collected from customers in payment of accounts receivable $12,340.
5.		Cash paid to creditors for accounts payable due $12,840.
6.		Repair services performed during January: for cash $6,850; on account $8,540.
7.		Wages for January, paid in cash, $2,410.
8.		Dividends during January were $2,550.