Posting entries to the ledger B-02.05 Bikash Mishra recently formed a financial services and consulting firm in Nepal. He was very busy during the first month and has not yet had an opportunity to install his computerized accounting package. But, he did understand the need to keep track of all transactions as they occurred. Following is a manual journal that he maintained for transactions occurring during January. All amounts are in the Nepalese rupee (NPR). Bikash has requested that you prepare a ledger of the company's accounts, and post these transactions to SPREADSHEET determine the balance of each account. He needs this data in order to begin the process of transitioning to TOOL: his new computerized accounting system. GENERAL JOURNAL Date Accounts 01-02-X5 Cash Capital Stock Bikash invested cash in exchange for stock 01-04-X5 Equipment Loan Payable Purchased equipment with proceeds of loan GENERAL JOURNAL Date Accounts 01-06-X5 Accounts Receivable Revenues Provided services to customers on account Using formulas Debits Page 1 Credits 1,000,000 1,000,000 200,000 200,000 Debits Page 2 Credits 300,000 300,000 01-07-XS Supplies Expense Accounts Payable 10,000 10,000 Purchased (on account) and used supplies 01-11-X5 Accounts Payable 10,000 Cash 10,000 Paid for purchase of Jan. 7 01-15-X5 Wage Expense Cash Paid employee 01-17-XS Cash Accounts Receivable Collected partial payment on receivables 100,000 100,000 150,000 150,000 ...continued