Fife & Company, a public corporation offering accounting services to low income clients has the following transactions in their second year of business.

Date	Description	Debit	Credit
Jan 4	Organization Costs	23,000
	Common Stock		23,000
Jan 5	Cash	75,000
	Common Stock		75,000
Jan 8	Prepaid Rent	3,000
	Cash		3,000
Jan 12	Office Equipment	7,500
	Accounts Payable		6,250
	Cash		1,250
Jan 17	Cash	17,000
	Accounts Receivable	6,000
	Service Revenue		23,000
Jan 25	Supplies	7,500
	Accounts Payable		7,500

Post the journal entries to the ledger and show the ending balance in each ledger account.