Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2016 (the end of its fiscal year).

December 31, 2016 Trial Balance

Debits

Cash---$7300

Accts Receivable-- 15,500

Supplies--- $12,700

Prepaid Rent---$2200

Equipment-- $20,700

Total: $58,400

Credits

Accounts Payable-- $16,400

Common Stock--- $31,600

Retained Earnings--- $10,400

Total: $58,400

Summarized transactions for January 2017 were as follows.

1. Advertising costs, paid in cash, $1,080.

2. Additional supplies acquired on account $3,410.

3. Miscellaneous expenses, paid in cash, $1,980.

4. Cash collected from customers in payment of accounts receivable $12,400.

5. Cash paid to creditors for accounts payable due $12,910.

6. Repair services performed during January: for cash $6,620; on account $9,730.

7. Wages for January, paid in cash, $2,390.

8. Dividends during January were $2,540.

Open T-accounts for each of the accounts listed in the trial balance, and enter the opening balances for 2017.

Post the journal entries to the accounts in the ledger. (Post entries in the order of journal entries presented in the previous part.) Prepare a trial balance as of January 31, 2017.