Question

Problem 2-3A (Part Level Submission) 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) Marigold Corp. Trial balance December 31, 2018 Debit Credit Cash Accounts Recelvable Supplies Prepaid Rent Equipment Accounts Payable Common Stock Retained Earnings $ 8,000 16,000 13,000 4,000 19,800 $20,500 30,300 10,000 $60,800 $60,800 Summarized transactions for January 2019 were as follows. 1. Advertising costs, paid in cash, $1,140 2. Additional supplies acquired on account $3,320 3. Miscellaneous expenses, paid in cash, $1,630 4. Cash collected from customers in payment of accounts recelvable $12,990 5. Cash paid to creditors for accounts payable due $12,540 6. Repair services performed during January: for cash $6,660; on account $9,440 7. Wages for January, paid in cash, $2,350 8. Dividends during January were $2,540

Answer 1

		Cash
1/1/2019	8,000
		Accounts receivable
1/1/2019	16,000
		supplies
1/1/2019	13,000
		prepaid rent
1/1/2019	4,000
		Equipment
1/1/2019	19800
		Accounts payable
		1/1/2019	20,500
		Common stock
		1/1/2019	30,300
		Retained earnings
		1/1/2019	10,800
(in place of 1/1/2019 u can use opening bal or jan 1, whatever
option is there in your drop down menu)