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Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2018 (the end of its fiscal year).
Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2018 (the end of its fiscal year). Sheridan Company Prepare a trial balance. December 31, 2018 Debit Credit Cash $ 8.400 Accounts Receivable 15,600 Supplies 13.100 Prepaid Rent 4,000 Equipment 19,800 Accounts Payable $19,400 Common Stock 30.000 Retained Earnings 11,500 $60,900 $60,900 Summarized transactions for January 2019 were as follows. 1. Advertising costs, paid in cash, $1,100. 2. Additional supplies acquired on account $3,510. 3. Miscellaneous expenses, paid in cash, $1,720. 4. Cash collected from customers in payment of accounts receivable $12,660. 5. Cash paid to creditors for accounts payable due $12,600. 6. Repair services performed during January: for cash $6,350; on account $9,250. 7. Wages for January, paid in cash, $2.010. 8. Dividends during January were $2,700. 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 N
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