Tom Zopf owns and manages a computer repair service, which had the following trial balance...
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Accounting
Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2021 (the end of its fiscal year).
Swifty Corporation Trial Balance December 31, 2021 | ||||
---|---|---|---|---|
Debit | Credit | |||
Cash | $ 7,900 | |||
Accounts Receivable | 15,700 | |||
Supplies | 12,500 | |||
Prepaid Rent | 3,200 | |||
Equipment | 20,300 | |||
Accounts Payable | $ 19,000 | |||
Common Stock | 30,100 | |||
Retained Earnings |
| 10,500 | ||
$ 59,600 | $ 59,600 |
Summarized transactions for January 2022 were as follows.
1. | Advertising costs, paid in cash, $ 1,170. | |
2. | Additional supplies acquired on account $ 3,670. | |
3. | Miscellaneous expenses, paid in cash, $ 1,790. | |
4. | Cash collected from customers in payment of accounts receivable $ 12,160. | |
5. | Cash paid to creditors for accounts payable due $ 12,240. | |
6. | Repair services performed during January: for cash $ 6,870; on account $ 8,670. | |
7. | Wages for January, paid in cash, $ 2,230. | |
8. | Dividends during January were $ 2,690. |
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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You can see the logs in the Dashboard.