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Mark Hockenberry owns and manages a computer repair service, which had the following trial balance on December 31, 2013 (the end of its fiscal year).Mark

Mark Hockenberry owns and manages a computer repair service, which had the following trial balance on December 31, 2013 (the end of its fiscal year).Mark Hockenberry owns and manages a computer repair service, which had the following trial balance on December 31, 2013 (the end of its fiscal year).

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.

Please help me open T-accounts for each of the accounts listed in the trial balance and enter the opening balance for 2014, prepare journal entries to record each of the January transactions, post the journal entries to the ledger account (please be specific which side the Balance goes), and prepare a trial balance as of January 21, 2014....

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