Problem 2-03A a-d (Part Level Submission) Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2019 (the end of its fiscal year). Whispering Winds Corp. Trial balance December 31, 2019 Debit Credit Cash $8,800 Accounts Receivable 14,200 Supplies 12,300 Prepaid Rent 2,200 Equipment 21,000 Accounts Payable $16,900 Common Stock 31,200 Retained Earnings 10,400 $58,500 $58,500 Summarized transactions for January 2020 were as follows. Advertising costs, paid in cash, $1,090. 1. Additional supplies acquired on account $3,800. 2. 3. Miscellaneous expenses, paid in cash, $2,170. Cash collected from customers in payment of accounts receivable $12,710. 4 Cash paid to creditors for accounts payable due $12,440. 5. Repair services performed during January: for cash $6,550; on account $8,750. 6. 2,200 Prepaid Rent 21,000 Equipment $16,900 Accounts Payable 31,200 Common Stock 10,400 Retained Earnings $58,500 $58,500 Summarized transactions for January 2020 were as follows. Advertising costs, paid in cash, $1,090. 1. Additional supplies acquired on account $3,800. 2. Miscellaneous expenses, paid in cash, $2,170. 3. Cash collected from customers in payment of accounts receivable $12,710. 4. Cash paid to creditors for accounts payable due $12,440. 5. Repair services performed during January: for cash $6,550; on account $8,750. 6. Wages for January, paid in cash, $2,290. 7. Dividends during January were $2,630. 8. (a) Your answer is partially correct. Open T-accounts for each of the accounts listed in the trial balance, and enter the opening balances for 2020. (c) Post the joumal entries to the accounts in the ledger. (Post entries in the order of journal entries presented in the previous part.) Cash 8,800 1 Bal 1090 12710 3 4 2170 6550 5 12440 6 2290 7 2630 8 20620 28060 Accounts Receivable 12710 14,200 4 Bal. 15300 6 16 29500 Supplies Bal. 12,300 Prepaid Rent Bal. 2,200 Equipment Bal. 21,000 Accounts Payable Bal. 16,900 Common Stock 31,200 Bal. > Retained Earnings Bal 10,400 Dividends Service Revenue Advertising Expense Miscellaneous Expense Salaries and Wages Expense Advertising Expense Miscellaneous Expense Salaries and Wages Expense