6 Prepare journal entry 1 as of 12/31/2020 with an offset to Opening Balance Equity to record the following beginning balances: a. Accounts Receivable (A/R) Debit $8,500 Disney (new customer) b. Accounts Payable (A/P) Credit $18,000 Precor (new vendor) 7 Prepare journal entry 2 as of 12/31/2020 to close the Opening Balance Equity to Retained Earnings ($115,500)