Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer this please , it has b, c , d part too Tom Zoplowns and manages a computer vepair service which had the following trial

answer this please , it has b, c , d part too
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Tom Zoplowns and manages a computer vepair service which had the following trial balance on December 31, 2021 the end of its fiscal year) Swifty Corporation Trial Balance December 31, 2021 Debit Credit Cash 57.900 Accounts Receivable 15.700 Supplies 12.500 Prepaid Rent 3.200 Equipment 20,300 $19.000 Accounts Payable 30.100 Common Stock 10.500 Retained Earnings $59.600 $59.600 Summarized transactions for January 2022 were as follows 1 2 Advertising costs. paldin cash, 51,170 Additional supplies acquired on account $3.670 Miscellaneous expenses, paid in cash. 51.790 Cash collected from customers in payment of accounts receivable $12.160 3. 5. 6. Cash paid to creditors for accounts payable due $12.240. Repair services performed during January: for cash $6.870: bn account $8.670 Wages for January, paid in cash $2.230. Dividends during January were $2.690. 7. 8. (a) Open T-accounts for each of the accounts listed in the trial balance, and enter the opening balances for 2022. Cash Bal Accounts Receivable Supplies Prepaid Rent Equipment Prepaid Rent Equipment Accounts Payable Common Stock Retained Earnings

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

9th Edition

978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475

More Books

Students also viewed these Accounting questions

Question

Find P(x52) for a binomial random variable with n510 and p5.1.

Answered: 1 week ago