Please do not give salutations in image format thankuh. Open T-accounts for each of the accounts listed in the trial balance, and enter the opening balances for 2022CashAccounts ReceivableSuppliesPrepaid RentEquipmentAccounts PayableCommon StockRetained Earnings Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31fiscal year).CashAccounts ReceivableSuppliesPrepaid RentEquipmentAccounts PayableCommon StockRetained Earnings1.2.3.Tablette Repair Service, Inc.Trial BalanceDecember 31, 20214.5.6.7.8.Debit$8,00015,00011,0003,000Summarized transactions for January 2022 were as follows.21,000$58,000Credit$17,00030,00011,000$58,000Advertising costs, paid in cash, $1,000.Additional supplies acquired on account $3,600.Miscellaneous expenses, paid in cash, $1,700.Cash collected from customers in payment of accounts receivable $13,000.Cash paid to creditors for accounts payable due $14,400.Repair services performed during January: for cash $5,000; on account $9,000.Wages for January, paid in cash, $3,000.Dividends during January were $1,600.

T-account is prepared after making journal entries in the books of the company. It bifurcates the…

Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31 fiscal year). Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Common Stock Retained Earnings 1. 2. 3. 4. 5. Tablette Repair Service, Inc. Trial Balance December 31, 2021 6. 7. 8. Debit $8,000 15,000 11,000 3,000 Summarized transactions for January 2022 were as follows. 21,000 $58,000 Credit $17,000 30,000 11,000 $58,000 Advertising costs, paid in cash, $1,000. Additional supplies acquired on account $3,600. Miscellaneous expenses, paid in cash, $1,700. Cash collected from customers in payment of accounts receivable $13,000. Cash paid to creditors for accounts payable due $14,400. Repair services performed during January: for cash $5,000; on account $9,000. Wages for January, paid in cash, $3,000. Dividends during January were $1,600.

Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31 fiscal year). Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Common Stock Retained Earnings 1. 2. 3. 4. 5. Tablette Repair Service, Inc. Trial Balance December 31, 2021 6. 7. 8. Debit $8,000 15,000 11,000 3,000 Summarized transactions for January 2022 were as follows. 21,000 $58,000 Credit $17,000 30,000 11,000 $58,000 Advertising costs, paid in cash, $1,000. Additional supplies acquired on account $3,600. Miscellaneous expenses, paid in cash, $1,700. Cash collected from customers in payment of accounts receivable $13,000. Cash paid to creditors for accounts payable due $14,400. Repair services performed during January: for cash $5,000; on account $9,000. Wages for January, paid in cash, $3,000. Dividends during January were $1,600.

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets

Section: Chapter Questions

Problem 6AP

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