$2)$ Post journal entries to ledger accounts

General Ledger Accounts

Account:

Cash

GL No:

$101$

Date

Description

PR

DR

CR

Balance $($DR or CR$)$

Opening Balance

$9,480\mathrm{.}00$ DR

Account:

Petty Cash

GL No:

$105$

Date

Description

PR

DR

CR

Balance $($DR or CR$)$

Opening Balance

$0\mathrm{.}00$ DR

Account:

Accounts Receivable

GL No:

$110$

Date

Description

PR

DR

CR

Balance $($DR or CR$)$

Opening Balance

$16,000\mathrm{.}00$ DR

Account: Merchandise Inventory

GL No:

$120$

Date

Description

PR

DR

CR

Balance $($DR or CR$)$

Opening Balance

$15,000\mathrm{.}00$ DR

Account: Prepaid Insurance

GL No:

$125$

Date

Description

PR

DR

CR

Balance $($DR or CR$)$

Opening Balance

$0\mathrm{.}00$ DR

Account: Equipment

GL No:

$140$

Date

Description

PR

DR

CR

Balance $($DR or CR$)$

Opening Balance

$160,000\mathrm{.}00$ DR

Account: Accumulated Depreciation

GL No:

$145$

Date

Description

PR

DR

CR

Balance $($DR or CR$)$

Opening Balance

$18,000\mathrm{.}00$ CR

Account: Accounts Payable

GL No:

$200$

Date

Description

PR

DR

CR

Balance $($DR or CR$)$

Opening Balance

$10,500\mathrm{.}00$ CR

Account: Interest Payable

GL No:

$205$

Date

Description

PR

DR

CR

Balance $($DR or CR$)$

Opening Balance

$0\mathrm{.}00$ CR

Account: CPP Payable

GL No:

$220$

Date

Description

PR

DR

CR

Balance $($DR or CR$)$

Opening Balance

$0\mathrm{.}00$ CR

Account: EI Payable

GL No:

$225$

Date

Description

PR

DR

CR

Balance $($DR or CR$)$

Opening Balance

$0\mathrm{.}00$ CR

Account: Income Tax Payable

GL No:

$230$

Date

Description

PR

DR

CR

Balance $($DR or CR$)$

Opening Balance

$0\mathrm{.}00$ CR

Account: Salaries Payable

GL No:

$235$

Date

Description PR

DR

CR

Balance $($DR or CR$)$

Opening Balance

$0\mathrm{.}00$ CR

Account:

Unearned Revenue

GL No:

$240$

Date

Description

PR

DR

CR

Balance $($DR or CR$)$

Opening Balance

$0\mathrm{.}00$ CR

Account:

Bank Loan

GL No:

$245$

Date

Description

PR

DR

CR

Balance $($DR or CR$)$

Opening Balance

$18,000\mathrm{.}00$ CR