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please help me with what i got Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31,
please help me with what i gotÂ
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 $ 7,000 Accounts Receivable 14,000 Supplies 12,000 Prepaid Rent 1,000 Equipment 19,000 Accounts Payable $13,000 Common Stock 30,000 Retained Earnings 10,000 $53,000 $53,000 Summarized transactions for January 2017 were as follows. 1. Advertising costs, paid in cash, $1,000. 2. Additional supplies acquired on account $3,000. 3. Miscellaneous expenses, paid in cash, $1,500. 4. Cash collected from customers in payment of accounts receivable $12,000. 5. Cash paid to creditors for accounts payable due $12,000. 6. 7. Repair services performed during January: for cash $6,000; on account $8,500. Wages for January, paid in cash, $2,000. 8. Dividends during January were $2,500.
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