On Dec 31, 2015, BiWheels company had the following account balance. In January 2016, 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 by posting relevant transactions to ledger. Jan 2 Made a credit sale of $30,000 at the cost of $22,000 4 Acquisition of inventory $15,000 on credit 7 Acquisition of equipment $50,000 with $10,000 cash and $40,000 bank loan 10 Collection of account receivable $80,000 22 Payment of account payable $20,000