Question

Problem 2-03A a-d (Video)

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.)

Answer 1