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How do you open t-accounts for accounts listed in this trial balance? Debit Credit Cash 8,176 Accounts Receivable 14,789 Supplies 12,363 Prepaid Rent 1,173 Equipment

How do you open t-accounts for accounts listed in this trial balance?

Debit Credit
Cash 8,176
Accounts Receivable 14,789
Supplies 12,363
Prepaid Rent 1,173
Equipment 20,230
Accounts Payable 14,307

Common Stock

31,737
Retained Earnings 10,687
56,731 56,731

Summarized transactions for January 2014 were as follows.

1 Advertising costs, paid in cash, $1,037.
2 Additional supplies acquired on account $3,494.
3 Miscellaneous expenses, paid in cash, $1,717.
4 Cash collected from customers in payment of accounts receivable $12,435.
5 Cash paid to creditors for accounts payable due $12,847.
6 Repair services performed during January: for cash $6,224; on account $9,159.
7 Wages for January, paid in cash, $2,372.
8 Dividends during January were $2,666.

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