Example 2: Post the transaction for Soup Plus for the month of January. Omit explanations. The reference has already been input as J1. 101 Cash Date Explanation Ref Debit Credit Balance J1 50,000 50,000 1-Jan Investment by owner 1-Jan Purchased inventory for cash J1 8.000 42,000 1-Jan Purchased equipment for cash and note payable J1 2,000 40,000 1-Jan Paid rent in advance J1 6,000 34.000 7-Jan Catered an event for cash J1 400 34.400 12-Jan Paid amount due for supplies J1 1,800 32,600 15-Jan Received cash in advance J1 3.000 35,600 19-Jan Owner withdrew money 23-Jan Received payment from customer 31-Jan Paid cash for insurance 31-Jan Paid salaries J1 1,000 34.600 J1 4,000 38,600 J1 500 38,100 J1 3,000 35,100 Accounts Receivable 103 Date Explanation Ref Debit Credit Balance 10-Jan Catered an event on account J1 4,000 4,000 23-Jan Received payment from customer J1 4,000 28-Jan Catered an event on account J1 1,000 1,000 Supplies 105 Date Explanation Ref Debit Credit Balance 1-Jan Purchased supplies on account J1 1,800 1,800