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) 3 Jan Equipment Accounts payable 45,000 Bank loan 20,000 25,000 (Purchase equipment on credit) 7 Jan Accounts receivable Cash at bank Service revenue (Provide service for cash and on credit) 20,000 30,000 50,000 4,500 15 Jan Prepaid insurance Cash at bank (Paid insurance fee in advance) 4,500 24 Jan Wages expense 12.500 Cash at bank 12,500 (Paid wages expense) 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) Required: Post the above transactions to the general ledger and balance each ledger account. (9 marks) 7 IEE Cash at bank Date Explanation Amount Date Explanation Amount I Required: Post the above transactions to the general ledger and balance each ledger account B I FI EE Accounts receivable Date Explanation Amount Date Explanation Amount Prepaid insurance Date Explanation Amount Date Explanation Amount Required: Post the above transactions to the general ledger and balance each ledger a 1 B FC EE Equipment Date Amount: Amount Date Explanation Explanation Accounts payable Date Amount Amount Date Explanation Explanation 1 I - FE = Bank loan Date Explanation Amount Date Explanation Amount Capital Date Explanation Amount Date Explanation Amount i B I FC EE % Service revenue Date Amount Amountate Explanation Explanation Wages expense Explanation Date Amount Date Amount Explanation