accounting

Jack Shellenkamp owns and manages a computer repair service, which had the following trial balance on December 31, 2011 (the end of its fiscal year).

BYTE REPAIR SERVICE
Trial Balance
December 31, 2010
Cash $8,000
Accounts Receivable 15,000
Parts Inventory 13,000
Prepaid Rent 3,000
Shop Equipment 21,000
Accounts Payable $19,000
Jack Shellenkamp, Capital 41,000

60,000 $60,000

Summarized transactions for January 2011 were as follows:

Advertising costs, paid in cash, $1,000.
Additional Repair Parts Inventory acquired on account $4,000.
Miscellaneous expenses, paid in cash, $2,000.
Cash collected from customers in payment of accounts receivable $14,000.
Cash paid to creditors for accounts payable due $15,000.
Repair parts used during January $4,000. (Hint: Debit this to Repair Parts Expense.)
Repair services performed during January: for cash $6,000; on account $9,000.
Wages for January, paid in cash, $3,000.
Jack's drawings during January were $3,000.

So far I got

1. Advertising expense debit 1000
cash credit 1000

2. part inventory debit 4000
account payable credit 4000

3. miscellaneous expense debit 2000
cash credit 2000

4. ???

5. ???

6. ???

7. ????

8. ????

9. ????

Thanks

  1. 👍 0
  2. 👎 0
  3. 👁 918
  1. Answers

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. accounting

    List the following steps of the accounting cycle in their proper order a. Preparing the post closing trial balance b. postint the journal entries c. journalizing and posting adjusting entries d. preparing the adjusted trial

  2. consumer math

    1. Which of the following is an advantage of using credit cards? (Points : 1) Credit card accounts charge monthly interest. It is very easy to charge more than you can pay off each month. If you pay late, you will be charged a

  3. Career

    just need help checking my answers:) 1. customer service is the same as professional sales a.True b. False (my answer) 2. corporate computer support departments have computer repair personnel who are part of: a. production

  4. Algebra

    An emergency plumber chargers $65 as a call-out fee plus an additional $75 per hour. He arrives at a house at 9:30 and works to repair a water tank. If the total repair bill is $196.25, at what time was the repair completed? In

  1. accounting (balance sheet, retained earnings...)

    Problem P3-5A On September 1, 2002, the account balances of Rijo Equipment Repair Corp. were as follows: Nbr: Debits Nbr: Credits 101 Cash $4,880 154 Accumulated depreciation $1,500 112 Accounts receivable 3,520 201 Accounts

  2. Statistics

    Computer Depot is a large store that sells and repairs computers. A random sample of 110 computer repair jobs took technicians an average of 93.2 minutes per computer. Assume that o is known to be 16.9 minutes. Find a 99%

  3. math

    Three students have made multiple measurements of the solubility of sodium chloride (in g of NaCl per 100 g of water). Their results are summarized in the table below. The correct value for the solubility of sodium chloride is

  4. math

    A small business just leased a new computer and color laser printer for three years. The service contract for the the computer offers unlimited repairs for a fee of $100 a year plus a $25 service charge for each repair needed. The

  1. accounting

    E4-1 The trial balance columns of the worksheet for Briscoe Company at June 30, 2008, are as follows. BRISCOE COMPANY Worksheet For the Month Ended June 30, 2008 Trial Balance Account Titles Dr. Cr. Cash $2,320 Accounts Receivable

  2. Physics

    a screw jack whose pitch is 3mm is used to lift a load of 400kg through a length of 14cm,the length bar of jack is 20cm.if the efficiency of the jack is 60% . calculate a.velocity ratio of the jack b.mechanical advantage of the

  3. accounting

    P4-2A The adjusted trial balance columns of the worksheet for Porter Company are as follows. PORTER COMPANY Worksheet For the Year Ended December 31, 2008 Adjusted Account Trial Balance No. Account Titles Dr. Cr. 101 Cash 18,800

  4. accounting URGENT HELP DUE IN 1HR

    (a) Fill in the missing amounts. (If answer is zero, please enter 0. Do not leave any fields blank.) Account Titles Trial Balance Adjusted Trial Balance Dr. Cr. Dr. Cr. Accounts Receivable 34,000 Prepaid Insurance 26,000 20,000

You can view more similar questions or ask a new question.