prepare the ledger account ( posting )

13 Company A was incorporated on January 1, 2010 with an initial capital of 5,000 shares of common stock having $20 par value. During the first month of its operations, the company engaged in following transactions: Date Transaction Jan 2 An amount of $36,000 was paid as advance rent for three months. Jan 3 Paid $60,000 cash on the purchase of equipment costing $80,000. The remaining amount was recognized as a one year note payable with interest rate of 9%. Jan 4 Purchased office supplies costing $17,600 on account. Jan Provided services to its customers and received $28,500 in cash. 13 Jan Paid the accounts payable on the office supplies purchased on January 4. Jan Paid wages to its employees for first two weeks of January, 14 aggregating $19,100. Jan Provided $54,100 worth of services to its customers. They paid 18 $32,900 and promised to pay the remaining amount. Jan Received $15,300 from customers for the services provided on 23 January 18. Jan Received $4,000 as an advance payment from customers. 25 Jan Purchased office supplies costing $5,200 on account. 26 Jan Paid wages to its employees for the third and fourth week of 28 January: $19,100. Jan Paid $5,000 as dividends. 31 Jan Received electricity bill of $2,470. 31 Jan Received telephone bill of $1,494. 31 Jan Miscellaneous expenses paid during the month totaled $3,470 31 The following table shows the journal entries for the above events. Date Account Debit Credit Jan 1 Cash 100,000 Common Stock 100,000 Jan 2 Prepaid Rent 36,000 Cash 36,000 Jan 3 Equipment 80,000 Cash 60,000 Notes Payable 20,000 Jan 4 Office Supplies 17,600 Accounts Payable 17,600 Jan 13 Cash 28,500 Service Revenue 28,500 Jan 13 Accounts Payable 17,600 Cash 17,600 Jan 14 Wages Expense 19,100 Cash 19,100 Jan 18 Cash 32,900 Accounts Receivable 21,200 Service Revenue 54,100 Jan 23 Cash 15,300 Accounts Receivable 15,300 Jan 25 Cash 4,000 Unearned Revenue 4,000 Jan 26 Office Supplies 5,200 Accounts Payable 5,200 Jan 28 Wages Expense 19,100 Cash 19,100 Jan 31 Dividends 5,000 Cash 5,000 Jan 31 Electricity Expense 2,470 Accounts Payable 2,470 Jan 31 Telephone Expense 1,494 Accounts Payable 1,494 Jan 31 Miscellaneous Expense 3,470 Cash 3,470