Summarized transactions for January 2020 were as follows. 1.Advertising costs, paid in cash, $1,040. 2.Additional supplies acquired
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Question:
Summarized transactions for January 2020 were as follows.
1.Advertising costs, paid in cash, $1,040.
2.Additional supplies acquired on account $4,140
3.Miscellaneous expenses, paid in cash, $1,520.
4.Cash collected from customers in payment of accounts receivable $12,550.
5.Cash paid to creditors for accounts payable due $12,820.
6.Repair services performed during January: for cash $6,200; on account $8,630.
7.Wages for January, paid in cash, $2,210.8.Dividends during January were $2,680.
Open T-accounts for each of the accounts listed in the trial balance, and enter the opening balances for 2020.
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