Question 1 of 2 - / 50 III 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). Blossom Company Prepare a trial balance. December 31, 2019 Debit Credit Cash $ 8,500 Accounts Receivable 15,800 Supplies 13,500 Prepaid Rent 2,000 Equipment 20,800 Accounts Payable $ 17,900 Common Stock 32,000 Retained Earnings 10,700 $60,600 $60,600 Summarized transactions for January 2020 were as follows. 1. Advertising costs, paid in cash, $1,020. 2. Additional supplies acquired on account $3,280. 3. Miscellaneous expenses, paid in cash, $2,080. Question 1 of 2 $OU,OUU OU,OVU Summarized transactions for January 2020 were as follows. 1. Advertising costs, paid in cash, $1,020. 2. Additional supplies acquired on account $3,280. 3. Miscellaneous expenses, paid in cash, $2,080. 4. Cash collected from customers in payment of accounts receivable $12,470. 5. . Cash paid to creditors for accounts payable due $12,880. 6. Repair services performed during January: for cash $6,850; on account $8,670. 7. Wages for January, paid in cash, $2,490. 8. Dividends during January were $2,670. (a) Open T-accounts for each of the accounts listed in the trial balance, and enter the opening balances for 2020. Cash Accounts Receivable (b) 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.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. Question 1 of 2 .../50 !!! 4. 5. 6. 7. 8. List of Accounts Save for Later Attempts: 0 of 1 used Submit