General Ledger (9 marks) The general journal of Shelley Sylvester contained the journal entries below for the month of Jan 2019. Date Accounts Debit Credit 1 Jan Cash at bank 850,000 Capital 850,000 (Owner contributes money to the business) 45,000 3 Jan Equipment Accounts payable Bank loan (Purchase equipment on credit) 20,000 25,000 7 Jan Accounts receivable 20,000 30,000 Cash at bank 50,000 Service revenue (Provide service for cash and on credit) 4,500 15 Jan Prepaid insurance Cash at bank (Paid insurance fee in advance) 4,500 12,500 24 Jan Wages expense Cash at bank (Paid wages expense) 12,500 15,000 30 Jan Accounts payable Cash at bank (Paid accounts payable) 15,000 Required: Post the above transactions to the general ledger and balance each ledger account. (9 marks) Cash at bank Date Explanation Amount Date Amount Explanation Accounts receivable Date Explanation Amount Date Explanation Amount Prepaid insurance Date Explanation Amount Date Explanation Amount 1 i lii % Equipment Date Explanation Amount Date Explanation Amount Accounts payable Date Explanation Amount Date Explanation Amount 1 B I EE I Bank loan Date Explanation Amount Date Explanation Amount Capital Date Explanation Amount Date Explanation Amount 1 i B I Ff !!! c? Service revenue Date Explanation Amount Date Explanation Amount Wages expense Date Explanation Amount Date Explanation Amount