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Anthony Moore recently formed an information technology services and consulting firm in England. He was very busy during the first month and has not yet

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Anthony Moore recently formed an information technology services and consulting firm in England. He was very busy during the first month and has not yet had an opportunity to install his computerized accounting package. But he did understand the need to keep track of all transactions as they occurred. Following is a manual journal that he maintained for transactions occurring during January. All amounts are in the British Pound. Anthony has requested that you prepare a ledger of the company's accounts, and post these transactions to determine the balance of each account. He needs this data in order to begin the process of transitioning to his new computerized accounting system. GENERAL JOURNAL Imam-1m _ ___ ___- exchane r stock ___ ___ _-__ with roceeds 0 loan ___ G-Jan-OS Accounts Receivable 900,000 _ ___ 900,000 Provided services to customers on account ___ 7Jan-05 30.000 _ Accounts Pa able _ 30.000 used so a , lies ___ 11-Jan-05 Accounts Pa able 30,000 _ ___ _ Paid or urchaseo Jan. 7 _ ___ ___ ___ ___ Cash 50,000 __' 50,000

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