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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
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. Summarized transactions for January 2022 were as follows. 1. Advertising costs, paid in cash, $1,010. 2. Additional supplies acquired on account $3,390. 3. Miscellaneous expenses, paid in cash, $1,670. 4. Cash collected from customers in payment of accounts receivable $12,460. 5. Cash paid to creditors for accounts payable due $12,320. 6. Repair services performed during January: for cash $6,220; on account $9,260. 7. Wages for January, paid in cash, $2,160. 8. Dividends during January were $2,650. (a) Open T-accounts for each of the accounts listed in the trial balance, and enter the opening balances for 2022. Open T-accounts for each of the accounts listed in the trial balance, and enter the opening balances for 2022. Question 1 of 1 Equipment Accounts Payable Common Stock Retained Earnings eTextbook and Media List of Accounts Save for Later Attempts: 0 of 4 used Submit
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