On Dec 31. 2014 BiWheels company had the following account balance In January 2015 the company made the following transactions Use the accounts in the balance sheet (plus revenue and expense accounts) to prepare journal entries calculate the ending balance of Account Receivable account by posting relevant transactions to ledger Made a credit sale of $30 000 at the cost of $22 000 Collection of account receivable $80,000 Acquisition of inventory 518.000 on cash Payment of account payable $25.000