Weygandt, Financial Accounting, 10e Help I System Announcements |Problem 2-3A (P

Question

Weygandt, Financial Accounting, 10e Help I System Announcements |Problem 2-3A (Part Level Submission) Tom Zopf owns and manages a computer repair service, which had the following trial ba Windsor, Inc. Trial balance December 31, 2018 Debit Credit Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Common Stock Retained Earnings 9,000 15,100 12,700 2,800 19,300 $16,500 31,000 11,400 $58,900 $58,900 Summarized transactions for January 2019 were as follows. 1. Advertising costs, paid in cash, $1,120. 2. Additional supplies acquired on account $4,150 3. Miscellaneous expenses, paid in cash, $2,020. 4. Cash collected from customers in payment of accounts receivable $12,340. 5. Cash paid to creditors for accounts payable due $12,840. 6. Repair services performed during January: for cash $6,850; on account $8,540 7. Wages for January, paid in cash, $2,41o. 8. Dividends during January were $2,550. (a) Open T-accounts for each of the accounts listed in the trial balance, and enter the opening bala Cash Accounts Receivable

Explanation / Answer

cash a/c 1-Jan-19 To balance B/f 9000 account receivable a.c 1-Jan-19 To balance B/f 15100 supplies a/c 1-Jan-19 To balance B/f 12700 prepaid rent 1-Jan-19 To balance B/f 2800 equipment 1-Jan-19 To balance B/f 19300 accounts payble By balance B/f 16500 common stock By balance B/f 31000 retained earnings By balance B/f 11400

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