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). Credit Swifty Corporation Trial balance December 31, 2019 Debit Cash $ 7,900 Accounts Receivable 15,700 Supplies 12,500 Prepaid Rent 3,200 Equipment 20,300 Accounts Payable Common Stock Retained Earnings $59,600 $19,000 30,100 10,500 $59,600 Summarized transactions for January 2020 were as follows. 1. 2 3. 4. Advertising costs, paid in cash, $1,170. Additional supplies acquired on account $3,670. Miscellaneous expenses, paid in cash, $1,790. Cash collected from customers in payment of accounts receivable $12,160. Cash paid to creditors for accounts payable due $12,240. Repair services performed during January: for cash $6,870; on account $8,670. Wages for January, paid in cash, $2,230. Dividends during January were $2,690. 5. 6. 7 8 Open T-acounts for each of the accounts listed in the tail balance and inter the onenin balance for 2020 o search 0 0 0 Dividends during January were $2,690. Open T-accounts for each of the accounts listed in the trial balance, and enter the opening balances for 2020. Cash 7,900 1,170 Accounts Receivable 1,790 Supplies Prepaid Rent > Equipment Accounts Payable Common Stock Prepare journal entries to record each of the January transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Mo, Account Titles and Explanation Debat Crede 03 04 -06 -OZ 2 10 3. 1. 5 6. CALCULATOR 8. LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO, SEMILAR PROBLEM Post the journal entries to the accounts in the ledger (Post entries in the order of journal entries presented in the previous part.) Cash Bal. 7,900 v Accounts Receivable RA 1507 JUILLER Accounts Receivable Bal 15,700 Supplies Bal. 12,500 Prepaid Rent Bal. 3,200 Equipment Bal. 20,300 RI Accounts Payable Bal. 19,000 Common Stock Bal 30,100 > Retained Earnings Bal. 10,500 Dividends Service Revenue V Advertising Expense