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Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2016 (the end of its fiscal year) TABLETTE REPAIR SERVICE, INC. Trial Balance December 31, 2016 Debit Credit Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Common Stock Retained Earnings $ 7,000 14,000 12,000 1,000 19,000 $13,000 30,000 10,000 $53,000 $53,000 Summarized transactions for January 2017 were as follows 1. 2. 3. 4. 5. 6. 7. 8. Advertising costs, paid in cash, $1,000 Additional supplies acquired on account $3,000 Miscellaneous expenses, paid in cash, $1,500 Cash collected from customers in payment of accounts receivable $12,000 Cash paid to creditors for accounts payable due $12,000 Repair services performed during January: for cash $6,000; on account $8,500. Wages for January, paid in cash, $2,000 Dividends during January were $2,500