Question 1 of 1 < December 31, 2021 Debit Credit Cash $8,500 Accounts Receivable 15,700 Supplies 12,500 Prepaid Rent 2,300 Equipment 20,900 Accounts Payable $16,800 Common Stock 31,700 Retained Earnings 11,400 $59,900 $59,900 Summarized transactions for January 2022 were as follows. 1. Advertising costs, paid in cash, $1,010. 2. Additional supplies acquired on account $3,390. 3. Miscellaneous expenses, paid in cash, $1,670. 4. Cash collected from customers in payment of accounts receivable $12,460. 5. Cash paid to creditors for accounts payable due $12,320. 6. Repair services performed during January: for cash $6,220; on account $9,260. 7. Wages for January, paid in cash, $2,160. 8. Dividends during January were $2,650. (a) 25/100