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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): Summarized

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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): Summarized transactions for January 2022 were as follows. 1. Advertising costs, paid in cash, $1,160. 2. Additional supplies acquired on account $4,460. 3. Miscellaneous expenses, paid in cash, $2,180. 4. Cash collected from customers in payment of accounts receivable $12,130. 5. Cash paid to creditors for accounts payable due $12,570. 6. Repair services performed during January: for cash $6,860; on account $9,040. 7. Wages for January, paid in cash, $2,500. 8. Dividends during January were $2,520. Bal., Cash Bal. 8,200 ^ ^ Accounts Receivable Bal. 14,800 Supplies Bal. Prepaid Rent Bal. 1,600 Equipment Bal. 19,200 Accounts Payable Bal. 15,900 Common Stock Bal. 31,000 Retained Earnings Bal. 10,200 Advertising Expense Miscellaneous Expense Salaries and Wages Expense

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