Exercise #3 Helmond Repair Service has the following trial balance information available on December 31, 2020: Helmond Repair Service Trial Balance December 31, 2020 DR CR Cash 9,000 Accounts Receivable 14,000 Supplies 9,400 Prepaid Rent 3,600 Equipment 24,000 Accounts Payable 15,300 Common Stock 28,000 Retained Earnings 16,700 Total 60,000 60,000 Transactions that occurred during January 2021 were as follows: 1. Paid $1,200 advertising costs in cash. 2. Purchased supplies on account costing $3,300. 3. Paid $1,500 miscellaneous expenses in cash. 4. Received $11,000 cash on account from previously billed customers. 5. Made a $13,600 cash payment on accounts payable. 6. Performed $12,000 of services during January-received $4,000 cash and billed customers for the remaining $8,000. 7. Paid January employee salaries $5,000. 8. Dividends declared and paid to shareholders were $1,400. Instructions A. For each transaction, enter the correct debit-credit amount in the T-accounts. B. Prepare a trial balance for January 31, 2021. CASH ACCOUNTS PAYABLE BAL BAL BAL COMMON STOCK BAL BAL BAL ACCOUNTS RECEIVABLE RETAINED EARNINGS BAL BAL BAL BAL SUPPLIES DIVIDENDS DECLARED BAL BAL BAL SERVICE REVENUE PREPAID RENT BAL BAL ADVERTISING EXPENSE BAL EQUIPMENT BAL BAL MISCELLANEOUS EXPENSE BAL BAL SALARIES EXPENSE BAL B. HELMOND REPAIR SERVICE TRIAL BALANCE JANUARY 31, 2021 DR CR Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Common Stock Retained Earnings Dividends Declared Service Revenue Advertising Expense Miscellaneous Expense Salaries Expense Totals