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Cash at Bank (CAB) May 1 Balance $22,000 Accounts Receivable (A/R) May 1 Balance $5,000 Delivery vehicle Accounts Payable May 1 Balance $14,000 + +

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Cash at Bank (CAB) May 1 Balance $22,000 Accounts Receivable (A/R) May 1 Balance $5,000 Delivery vehicle Accounts Payable May 1 Balance $14,000 + + " y Loan Payable May 1 Balance $8,000 Drawings - Betty Brown May 1 Balance 2,000 Service Fees Revenue May 1 Balance $50,000 Insurance expense May 1 Balance $4,000Required: Post the General Journals recorded below to the General Ledger Accounts provided on the following pages. Remember to balance each ledger account to determine the closing balance (refer to hints below). Date Details Debit ($) Credit ($) May 7 Delivery vehicle $20,000 Cash at Bank $20,000 (Purchased a delivery vehicle) May 9 Accounts payable $1,500 Cash at Bank $1,500 (Made payment to accounts payable) May 15 Drawings - Betty Brown $600 Cash at Bank $600 Betty Brown used the business bank account to pay her personal telephone account + May 19 Cash at Bank $4,000 Accounts Receivable $5,000 Service Fees Revenue $9,000 Record revenue for the first three weeks of May, partly in cash, partly Accounts Receivable) May 26 Loan Payable $2,000 Cash at Bank $2,000 (Repaid $2,000 of the amount owing on the Loan payable) May 31 Insurance Expense $300 Cash at Bank $300 (Paid insurance expense) +

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