[gswhoami]

P2-3A jay cutler owns and manges a computer repair service,which had the following trail balance on December 31,2011 (at the end of its fiscal year)
MEGA REPAIR SERVICE
Trail Balance
December 31,2011

Cash $8,000
Accounts Receviable $15,000
Supplies $13,000
Prepaid Rent $3,000
Equipment $20,000
Accounts Payable $19,000
Owners Capital $40,000

1-advertising costs,paid in cash, $1,000
2-additional supplies acquired on account $4,200
3-miscellaneous expenses paid in cash, $2,000
4-cash collected from customers in payment of accounts recivable $14,000
5-cash paid to creditors for accounts payable due $15,000
6-supplies used during January $4,000
7-repair services performed during January for cash $6,000 on account $9,000
8-wages for January paid in cash $3,500
9-jay's drawings during January were $3,000

[paraclete]

Financial accounting 101 what do you want to know.

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