Current Attempt in Progress Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2018 (the end of its fiscal year). Credit Pharoah Company Trial balance December 31, 2018 Debit Cash $ 7,000 Accounts Receivable 15,300 Supplies 13,200 Prepaid Rent 1,000 Equipment 19,200 Accounts Payable Common Stock Retained Earnings $55,700 $12.900 31,000 11,800 $55,700 Summarized transactions for January 2019 were as follows. 1. Advertising costs, paid in cash $1,110. Additional runnlin sonundan sorun 2 700 2 1. 2. 3. 4. 5. Advertising costs, paid in cash, $1,110. Additional supplies acquired on account $3,700. Miscellaneous expenses, paid in cash, $1,930. Cash collected from customers in payment of accounts receivable $12,240. Cash paid to creditors for accounts payable due $12,650. Repair services performed during January: for cash $6,120; on account $8,660. Wages for January, paid in cash $2,270. Dividends during January were $2,670. 6. 7. 8. Open T-accounts for each of the accounts listed in the trial balance, and enter the opening balances for 2019. Cash Accounts Receivable Supplies Prepaid Rent Prepaid Rent Equipment Accounts Payable Common Stock Retained Earnings Prepare journal entries to record each of the January transactions. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit 1 2. 3. 4. 5. 6. 7. 8 eTextbook and Media List of Accounts Post the journal entries to the accounts in the ledger. (Post entries in the order of journal entries presented in the previous part.) Cash Bal. 7,000 Accounts Receivable Bal. 15,300 Supplies Bal. 13.200 Prepaid Rent Prepaid Rent 1,000 Bal. Equipment 19,200 Bal. Accounts Payable Bal. 12.900 Common Stock Bal. 31,000 Retained Earnings Bal. 11,800 Dividends Dividends Service Revenue Advertising Expense Miscellaneous Expense Salaries and Wages Expense Pharoah Company Trial balance Debit Credit Totals eTextbook and Media List of Accounts