Set up T accounts, post the journal entries recorded for Ing Ltd. in BE3.8 to the general ledger, and determine the ending balances in each account.

In BE 3.8

June 1 Issued common shares to shareholders in exchange for $2,500 cash.

4 Purchased supplies on account for $250.

7 Billed J. Kronsnoble $300 for welding work done.

18 Received partial payment of $200 from J. Kronsnoble for work billed on June 7.

25 Hired a new employee to start work on July 3.

27 Received cash of $200 from Liu Controls Ltd. as a deposit for welding work to be done in July.

28 Paid for supplies purchased on June 4.

29 Paid $100 for monthly income tax instalment.