Question

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.

I need help with problem P2-3A all answers for instructions a,b,c,d. thank you

Answer 1

The answer for 'a' and 'b' is attached in below picture,

The question was lengthy, hence only 2 sub-parts answered

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a) Opening T- Accountan t Cash Accounts Receivaple Balance 8000 Balance 15000 Supplies Prepaid, Rent Galante Balance lood Balance 3000 Accounts Payable Equipment Balone 21000 Balance 17000 is Comon stock to Retained earning Balance 3000 Balance 11000 Journal Postries Date Accounts Titles Debit Credit 1000 Advertising Expenses To cost (to record advertising expenses) 1000

Supplies To accounts payabla (To Srecord acquisition of additional supplies) 3600 3600 Miscollanaous experses To casb (TO socond miscellaneoce expersed 700 1700 Cash To accounts seceivable (To socoad cash seleipt from customas-s) 13000 13000. Account payable To casb (TO gecosd payment of accounts peiable) 14400 | 4৭০০ Repais expenses To cash To acouns payable (To 200ad epais expersee îneared) 14000 5000 9000 7 Waoes Expenses To cash 3000 3000 (TO Srecosid wagees) Retained eahings To dividende payable (To reload declaration of dividend 1600 1606

a) Opening T- Accountan t Cash Accounts Receivaple Balance 8000 Balance 15000 Supplies Prepaid, Rent Galante Balance lood Balance 3000 Accounts Payable Equipment Balone 21000 Balance 17000 is Comon stock to Retained earning Balance 3000 Balance 11000 Journal Postries Date Accounts Titles Debit Credit 1000 Advertising Expenses To cost (to record advertising expenses) 1000

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3600 360o Supplies To accounts payable (To record acquisition of additional supplies) Miscellaneous expenses 1700 To cash (to second miscellaneoue expenses 11700 13000 113000 I Cash __ To accounts Greceivable (to second cash Seleipt Customers) s 14400 14900 Accounts payable To casb (To record payment of accounts payable) is expenses To cash To accounts payable (To reward repair expenses incurred) 14000 S000 900 3000 Ugos Expenso 9 To cash Cto record Wages) 3000 Retained earnings 1600 To dividende payable [To record declaration of dividend 1606