PART-C The transactions of Medina Information Service are recorded in the general journal below. You are to post the journal entries to the accounts in the general ledger (column format), assuming that it is Medina's first period of operations. After all entries have been posted, you are to prepare a trial balance. General Journal Date Account Titles and Explanation 2021 Sept. 1 Cash Common Stock (Issued stock for cash) Equipment Cash Notes Payable (Paid cash and issued two-year, 9%, note for equipment) 8 Rent Expense Cash (Paid September rent) 15 Prepaid Insurance Cash (Paid one-year liability insurance) Debit Credit 25,000 25.000 30.000 10,000 20,000 1,000 1.000 400 400 18 Cash Service Revenue 2.500 2.500 (Received cash for delivery services) 20 Salaries and Wages Expense 500 500 Cash 500 500 (Paid salaries for current period) 25 Utilities Expense Accounts Payable 100 100 (Received a bill for September utilities) 30 Dividends 1,500 Cash 1,500 (Paid dividends) 30 Accounts Receivable Service Revenue 4,000 4,000 (Billed customer for delivery service) Page 3 of 5