QUESTION 2: General Ledger posting (10 marks) "Shiny Whites" is a dental practice owned and operated by Dr. Phil McCavity The journal entries listed below for the month of July 2020 have already been completed. Post the General Journals recorded below to the selected General Ledger accounts provided on the following pages. Remember to foot (balance) each ledger to determine the closing balance (refer to hints below). Date Details Debit ($) Credit ($) 1 July Cash at Bank 43 000 Office Equipment 7 000 Capital-P. Mocavita 50 000 (The owner, P. Mocavity contributed office equipment costing $7000 and cash of $43 000) 5 July Dental Equipment 134 000 Cash at Bank (The business purchased dental equipment for $134 000 in cash) 134 000 11 July Drawings 2000 Cash at Bank 2 000 (The owner, P. Mocavits paid his daughters orthodontist an instalment for his braces using the business bank account) 15 July 5 700 Loan Cash at Bank (The business repaid $5 700 of their loan balance) 5 700 25 July Cash at Bank 13 000 Accounts Receivable (The business received payment $13 000 for credit sales made in June) 13 000 31 July Cash at Bank 20 000 Accounts Receivable 17 000 Sales 37 000 (Dental procedures for the month - $20 000 in cash and the remaining balance to be collected from customers) Hints to assist in completing the ledgers: Do not delete the opening balances given The ledgers are formatted using tables; therefore, it is best to navigate through the ledgers using the tab' function. When using tables, it is often easier to click on the "" function so you are able to see the formatting. It is acceptable to shorten some account names in descriptions 1.Cash at Bank = CAB Marks will be awarded for recording the amount on the correct side, with the correct posting reference and providing the correct closing balance. Not all the ledgers for the business have been provided only the ones you need to update. Cash at Bank (CAB) July 1 Balance 66 946 Accounts Receivable (A/R) July 1 Balance 13 040 Dental Equipment July 1 Balance 40 275 . Office Equipment July 1 Balance 96000