Question: I need help with problem P2-3A all answers for instructions a,b,c,d. thank you ir service, which had the fol (b) Post to the ledger cu


I need help with problem P2-3A all answers for instructions a,b,c,d. thank you
ir service, which had the fol (b) Post to the ledger cu (e) Prepare a trial balance on May 31, 2015 P2-BA Tom Zopf owns and manages a computer repair service, which had the trial balance on December 31, 2014 (the end of its fiscal year). TABLETTE REPAIR SERVICE, INC. Tral Balance December 31, 2014 Credit Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Common Stock Retained Earnings Debit $ 8,000 15,000 11,000 3.000 21.000 $17.000 30,000 11.000 $58.000 $58,00 Summarired transactions for January 2015 were as follows 1. Advertising costs, paid in cash $1,000 2. Additional supplies acquired on account $3.600 Miscellaneous expenses, paid in cash, $1,700 4. Cash collected from customers in payment of accounts receivable $13.000 Cash paid to credits for accounts payable des $14.400. 6. Repair services performed during January: for cash 55.000, on account $9,000 7. Wages for January, paid in cash 53.000 Dividends during January were $1.600. Instructions (a) Open Taccounts for cach of the accounts listed in the trial balance, and enter the opening balances for 2015 (b) Prepare journal entries to record each of the January transactions (Omit explanation) (c) Post the journal entries to the accounts in the ledger (Add accounts as needed) (d) Prepare a trial balance as of January 31, 2015
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
