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accounting homework Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2019 (the end of its
accounting homework
Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2019 (the end of its fiscal year). Credit Windsor, Inc. Trial balance December 31, 2019 Debit Cash $ 9,000 Accounts Receivable 15,100 Supplies 12,700 Prepaid Rent 2,800 Equipment 19,300 Accounts Payable Common Stock Retained Earnings $58,900 $16,500 31,000 11,400 $58,900 Summarized transactions for January 2020 were as follows. 1. 2. 3. 4. Advertising costs, paid in cash, $1,120. Additional supplies acquired on account $4.150. Miscellaneous expenses, paid in cash, $2,020. Cash collected from customers in payment of accounts receivable $12,340. Cash paid to creditors for accounts payable due $12,840. Repair services performed during January: for cash $6,850; on account $8,540. Wages for January, paid in cash, $2,410. Dividends during January were $2,550. 5. 6. 7. 8. Open T-accounts for each of the accounts listed in the trial balance, and enter the opening balances for 2020. Cash Bal. Bal. Accounts Receivable Bal. Bal. Supplies Bal.Step by Step Solution
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