P2-JA Jack Shellenkamp owns and manapes a computer repair servis, which had the follow ing trial balance December 31, 2002 (the end of its fiscal year) BYTE REPAIR SERVICE Trial Balance December 31, 2009 Cash $ 8.000 Accounts Receivable 15.000 Parts Inventory Prepaid Rent 3.000 Shop Equipment 21.300 Accounts Payable Jack Shellenkamp. Capital 560.000 5000 11.00 Summarised transactions for January 2010 were as follows: 1. Advertising costs, paid in cash. 51.000 2. Additional repair parts inventory acquired on account 54,000 3. Miscellaneous expenses paid in cash, 52.000 4. Cash collected from customers in payment of accounts receivable $14.000 5. Cash paid to creditors for accounts payable due $15.000 & Repair parts used during January 3D. (Hin Debit this to Repair Parts Expense) 7. Repair services performed during lanuary for cash 56,000, on account $9,000 & Wages for January, paid in cash. 53.000 9. Jack drawings during January were $3.000. Instructions (a) Open T accounts for each of the accounts listed in the trial balance, and enter the opening balances for 2010 (b) Prepare journal entries to record each of the January transactions. (Omit explanations) (c) Post the journal entries to the accounts in the ledger (Add accounts as needed.) Trial balance total $64.000 (d) Prepare a trial balance as of January 31, 2010 Prepare a correct al balance P2-4A The trial balance of the Sterling Company shown below does not balance P2-4A the trial balance of the Sterling Company show does not in balance. Trial Balance May 31 2016 Observations Debit Credit $5.850 S 2.750 700 8,000 4500 560 Cash Account Receivable Prepaid Insurance Equipment Account Payable Property Taxes Payable M. Sterling. Capital Service Revenue Salaries Expenses Advertising Expenses Property Tax Expenses Total 11,700 6,690 4,200 1,100 800 26,800 20,050 Each account has a normal balance. You also discover the following error: a) The totals of the debits side of Prepaid Insurance, Account Payable, and Property Tax Expenses were cach understated $100 b) Transposition errors were made in Account Receivable and Service Revenue; the correct balance were $2,570 and $6,960 respectively. c) A debit posting to Salaries Expenses of $200 was omitted. d) A $1,000 cash drawing by owner was debited to M. Sterling, Capital for $1,000 and credited to Cash for $1,000 e) A $S20 purchase of supplies on account was debited to Equipment for $520 and credited to Cash for $520 1) A cash payment of $450 for advertising was debited to Advertising Expenses for $45 and credited to Cash for $45 B) A collection from costumer for $210 was debited to Cash for $210 and credited to Accounts Payable for $210 Prepare a correct Trial Balance. Prepare journal entries to record each errors transactions for the month