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LALLULATUR HESSALE HY INSTRUCTOR Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2019 (the end
LALLULATUR HESSALE HY INSTRUCTOR 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). FULL Credit Blossom Company Trial balance December 31, 2019 Debit Cash $ 8,500 Accounts Receivable 15,800 Supplies 13,500 Prepaid Rent 2,000 Equipment 20,800 Accounts Payable Common Stock Retained Earnings $60,600 $17,900 32,000 10,700 $60,600 Summarized transactions for January 2020 were as follows. 1. 2. 3. 4. 5. 6. 7. 8. Advertising costs, paid in cash, $1,020. Additional supplies acquired on account $3,280. Miscellaneous expenses, paid in cash, $2,080. Cash collected from customers in payment of accounts receivable $12,470. Cash paid to creditors for accounts payable due $12,880. Repair services performed during January: for cash $6,850; on account $8,670 Wages for January, paid in cash, $2,490. Dividends during January were $2.670. Open T-accounts for each of the accounts listed in the trial balance, and enter the opening balances for 2020. Cash Bal. 14330 Accounts Receivable Bal. Supplies Bal. Prepaid Rent Bal. 2000 Equipment Bal. 20800 Accounts Payable Bal. Common Stock 32000 Bal. Retained Earnings Bal. 4 v Poliny mannnnnnnnnn
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