Fife & Company, a public corporation offering accounting services to low income clients has the following transactions in their second year of business. Date Description Jan 4 Organization Costs Common Stock Debit Credit 23,000 23,000 65,000 Jan 5 Cash Common Stock 65,000 3,500 Jan 8 Prepaid Rent Cash 3,500 8,000 Jan 12 Office Equipment Accounts Payable Cash 3,750 4,250 Jan 17 Cash 14,000 Accounts Receivable 6,000 Service Revenue 20,000 7,500 Jan 25 Supplies Accounts Payable 7,500 Post the journal entries to the ledger and show the ending balance in each ledger account. Cash Debits Date Beg. Bal. Jan 5 Credits Balance 35,000 65000 Jan 17 Post the journal entries to the ledger and show the ending balance in Cash Date Debits Credits Balance Beg. Bal. 35,000 Jan 5 65000 Jan 17 I Accounts Receivable Date Debits Credits Balance 23,000 Beg. Bal. Date Supplies Debits Credits Balance 2,000 Beg. Bal. Prepaid Rent Debits Credits Balance Date Beg. Bal. 0 Office Equipment Date Debits Credits Balance 12,000 Beg. Bal. >