Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2019 (the end of its fiscal year).
| Oriole Company Trial balance December 31, 2019 |
| | | Debit | | Credit |
| Cash | | $ 7,300 | | |
| Accounts Receivable | | 15,200 | | |
| Supplies | | 12,000 | | |
| Prepaid Rent | | 1,400 | | |
| Equipment | | 20,500 | | |
| Accounts Payable | | | | $14,400 |
| Common Stock | | | | 31,000 |
| Retained Earnings | | | | 11,000 |
| | | $56,400 | | $56,400 |
Summarized transactions for January 2020 were as follows.
| 1. | | Advertising costs, paid in cash, $1,150. |
| 2. | | Additional supplies acquired on account $4,380. |
| 3. | | Miscellaneous expenses, paid in cash, $1,790. |
| 4. | | Cash collected from customers in payment of accounts receivable $12,240. |
| 5. | | Cash paid to creditors for accounts payable due $12,620. |
| 6. | | Repair services performed during January: for cash $6,850; on account $9,130. |
| 7. | | Wages for January, paid in cash, $2,090. |
| 8. | | Dividends during January were $2,500. |
Post the journal entries to the accounts in the ledger. (Post entries in the order of journal entries presented in the previous part.)
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