Question 7 of 7 -/1 E Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2021 (the end of its fiscal year). Concord Corporation Trial Balance December 31, 2021 Debit Credit Cash $7,800 Accounts Receivable 15.500 Supplies 12,200 Prepaid Rent 2.100 Equipment 20,300 Accounts Payable $16,400 Common Stock 30,300 Retained Earnings 11,200 $57,900 $57,900 Summarized transactions for January 2022 were as follows. 1. Advertising costs, paid in cash, $1,090. 2 Additional supplies acquired on account $3,610. 3. Miscellaneous expenses, paid in cash, $1.830. 4. 5. Cash collected from customers in payment of accounts receivable $12.590. Cash paid to creditors for accounts payable due $12.280. 6. Repair services performed during January: for cash $6,990; on account $9.840.