Question: What would be the ending balance (the red boxes)? Tom Zopf owns and manages a computer repair service, which had the following trial balance on

What would be the ending balance (the red boxes)?

What would be the ending balance (the red boxes)? Tom Zopf ownsand manages a computer repair service, which had the following trial balanceon December 31, 2018 (the end of its fiscal year). Monty Corp.Trial balance December 31, 2018 Credit Debit $ 7,300 Cash Accounts Receivable

Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2018 (the end of its fiscal year). Monty Corp. Trial balance December 31, 2018 Credit Debit $ 7,300 Cash Accounts Receivable 15,800 Supplies 13,100 Prepaid Rent 2,600 Equipment 19,500 Accounts Payable $17,000 Common Stock 30,000 Retained Earnings 11,300 $58,300 $58,300 Summarized transactions for January 2019 were as follows. Advertising costs, paid in cash, $1,050. 1. Additional supplies acquired on account $4,240. 2. Miscellaneous expenses, paid in cash, $1,620. 3. Cash collected from customers in payment of accounts receivable $12,700. 4. Cash paid to creditors for accounts payable due $12,180. 5. Repair services performed during January: for cash $6,410; on account $9,060. 6. Wages for January, paid in cash, $2,000. 7. 8. Dividends during January were $2,670. Post the journal entries to the accounts in the ledger. (Post entries in the order of journa Cash Bal. 7,300 1 1050 4 12700 3. 1620 6410 6. 12180 2000 2670 8. Bal. V 6890 Accounts Receivable 15,800|| 4 Bal. 12700 6. 9060 |> ! 00000 Supplies 13,100 Bal. 4240 Prepaid Rent Bal. 2,600 Equipment Bal. 19,500 Accounts Payable 17,000 12180 Bal. 4240 Bal. V 9060 Common Stock Bal. 30,000 Retained Earnings Bal. 11,300 Dividends 2670 2670 Bal. V Service Revenue 6. 15470 15470 Bal. Advertising Expense 1050 1050 Bal. V Miscellaneous Expense 3 1620 Bal. V 1620 Salaries and Wages Expense 2000

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