Homework SourseTom Zopf owns and manages a computer repair service which ha
Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2016 (the end of its fiscal year).
TABLETTE REPAIR SERVICE, INC.
Trial Balance
December 31, 2016
Debit
Credit
Cash
$ 9,000
Accounts Receivable
15,100
Supplies
12,700
Prepaid Rent
2,800
Equipment
19,300
Accounts Payable
$16,500
Common Stock
Retained Earnings
11,400
$58,900
$58,900
Summarized transactions for January 2017 were as follows.
8. Dividends during January were $2,550
A: Post the journal entries to the accounts in the ledger.
B: Prepare a trial balance as of January 31, 2017.
| TABLETTE REPAIR SERVICE, INC. | ||||
| Debit | Credit | |||
| Cash | $ 9,000 | |||
| Accounts Receivable | 15,100 | |||
| Supplies | 12,700 | |||
| Prepaid Rent | 2,800 | |||
| Equipment | 19,300 | |||
| Accounts Payable | $16,500 | |||
| Common Stock | 31,000 | |||
| Retained Earnings |
| 11,400 | ||
| $58,900 | $58,900 |
Solution
Answer
No
Account Titles
Dr
Cr
1
Advertising expenses
1120
Cash
1120
2
Supplies
4150
Accounts payable
4150
3
Miscellaneous expenses
2020
Cash
2020
4
Cash
12340
Accounts receivables
12340
5
Accounts payable
12840
Cash
12840
6
Cash
6850
Accounts receivables
8540
Service Revenue
15390
7
Wages/Salaries expense
2410
Cash
2410
8
Dividends
2550
Cash
2550
Cash
Op. Bal
9000
1
1120
4
12340
3
2020
6
6850
5
12840
7
2410
8
2550
Bal
7250
TOTAL
28190
TOTAL
28190
Accounts receivables
Op bal
15100
4
12340
6
8540
Bal
11300
Total
23640
Total
23640
Supplies
Op Bal
12700
BAL
16850
2
4150
Total
16850
Total
16850
Prepaid Rent
Op bal
2800
Bal
2800
Total
2800
Total
2800
Equipment
Op Bal
19300
Bal
19300
Total
19300
Total
19300
Accounts payable
5
12840
Op Bal
16500
Bal
7810
2
4150
Total
20650
Total
20650
Common Stock
Bal
31000
Op Bal
31000
Total
31000
Total
31000
Retained earnings
Bal
11400
Op. Bal
11400
Total
11400
Total
11400
Advertising expense
1
1120
Bal
1120
Total
1120
Total
1120
Miscellaneous expenses
3
2020
BAL
2020
Total
2020
Total
2020
Service Revenue
Bal
15390
6
15390
Total
15390
Total
15390
Wages/Salaries expenses
7
2410
BAL
2410
Total
2410
Total
2410
Dividends
8
2550
Bal
2550
Total
2550
Total
2550
Opening
Closing
Debit
Credit
Debit
Credit
Cash
9000
7250
Accounts Receivable
15100
11300
Supplies
12700
16850
Prepaid Rent
2800
2800
Equipment
19300
19300
Accounts Payable
16500
7810
Common Stock
31000
31000
Retained Earnings
11400
11400
Advertising expense
1120
Miscellaneous expense
2020
Service revenue
15390
Wages/Salaries expense
2410
Dividends
2550
Total
58900
58900
65600
65600
| No | Account Titles | Dr | Cr |
| 1 | Advertising expenses | 1120 | |
| Cash | 1120 | ||
| 2 | Supplies | 4150 | |
| Accounts payable | 4150 | ||
| 3 | Miscellaneous expenses | 2020 | |
| Cash | 2020 | ||
| 4 | Cash | 12340 | |
| Accounts receivables | 12340 | ||
| 5 | Accounts payable | 12840 | |
| Cash | 12840 | ||
| 6 | Cash | 6850 | |
| Accounts receivables | 8540 | ||
| Service Revenue | 15390 | ||
| 7 | Wages/Salaries expense | 2410 | |
| Cash | 2410 | ||
| 8 | Dividends | 2550 | |
| Cash | 2550 |
