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Problem 2-03A a-d (Video) Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2019 (the end

Problem 2-03A a-d (Video)

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).

Oriole Company Trial balance December 31, 2019

Debit

Credit

Cash

$ 7,300

Accounts Receivable

15,200

Supplies

12,000

Prepaid Rent

1,400

Equipment

20,500

Accounts Payable

$14,400

Common Stock

31,000

Retained Earnings

11,000

$56,400

$56,400

Summarized transactions for January 2020 were as follows.

1. Advertising costs, paid in cash, $1,150.
2. Additional supplies acquired on account $4,380.
3. Miscellaneous expenses, paid in cash, $1,790.
4. Cash collected from customers in payment of accounts receivable $12,240.
5. Cash paid to creditors for accounts payable due $12,620.
6. Repair services performed during January: for cash $6,850; on account $9,130.
7. Wages for January, paid in cash, $2,090.
8. Dividends during January were $2,500.

Post the journal entries to the accounts in the ledger. (Post entries in the order of journal entries presented in the previous part.)

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