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Please help me. I really need this. Thank you so much!!! 3. Jack Shellenkamp owns and manages a computer repair service, which had the following
Please help me. I really need this. Thank you so much!!! 3. Jack Shellenkamp owns and manages a computer repair service, which had the following trial balance on December 31, 2012 (the end of its fiscal year). DR CR Cash 8,000 Accounts Receivable 15,000 Parts Inventory 13,000 Prepaid Rent 3,000 Shop Equipment 21,000 Accounts Payable 19,000 Jack Shellenkamp, Capital 41,000 Totals 60,000 60,000 Transactions for January 2013 were as follows: 1. Advertising cost, paid in cash, $1,000. 2. Additional repair parts inventory (ike a supplies account) were purchased on account, $4,000. 3. Miscellaneous expenses paid in cash, S2,000. 4. Cash collected from customers in payment of accounts receivable $14,000. 5. Cash paid to creditors for accounts payable due, $15,000. 6. Repair parts used during January, S4,000. 7. Repair services performed totaled S15,000--S6,000 was received in cash and the remainder was billed to customers. 8. January wages, paid in cash, $3,000. 9. Jack's drawings during January were S3,000. REQUIRED: 1. the effects of the transactions to the T-accounts (workpaper included) Post 2. Balance the accounts. 3. Prepare a trial balance (workpaper included)
Please help me. I really need this. Thank you so much!!!
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