Question a : enter the opening balances from the june 2020 balance sheet into general ledger accounts

Part XXX Accounting Cycle Grindstone Paving provides residential and commercial paving services. Their balance sheet at the end of June 2020 is shown below, along with their chart of accounts. Grindstone Paving Balance Sheet As at June 30, 2020 Assets Liabilities Cash $7,600 Accounts Payable $14,3001 Accounts Receivable $5,800 Unearned Revenue $7,400 Prepaid Insurance $996 Bank Loan $28,000 Equipment $57,600 Less: accu Depreciation 5,200 $52,400 Total Liabilities $49,700 Stone, Capital $17,096 Total Assets $66,796 Total Liabilities & Owners' Equity $66,796 NOTE: The bank loan has monthly payments of $1,000. Account # Account Account Description ASSETS Account Description REVENUE 101 400 Service Revenue EXPENSES Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation LIABILITIES 105 110 120 500 510 125 S15 Advertising Expense Depreciation Expense Insurance Expense Interest Expense Salaries Expense Telephone Expense 520 200 545 550 205 210 Accounts Payable Interest Payable Salary Payable Uneamed Revenue Bank Loan OWNER'S EQUITY 215 220 Rocky Stone, Capital 300 Rocky Stone, Withdrawals 310 Income Summary 315 For the month of July 2020, Grindstone Paving had the following transactions Jul 1 The owner invested $9,200 cash into the business Jul 2 Received $2,200 cash for work that will be provided in August Jul5 Received an advertising bill for $710 which will be paid next month. Jul a Paid the July telephone bill for $110 cash. Jul 10 Provided $8,800 worth of services to customers who will pay later. Jul 14 Purchased equipment with $7,600 cash. Jul 20 Received $2,290 in payment from customers paying their accounts. Jul 22 Paid $1,710 towards accounts payable. Jul 24 Paid $1,000 toward principal of the bank loan. Jul 28 Paid $2,500 cash for an employee's salary fall of this salary was earned in July). Jul 30 The owner withdrew $2,100 cash for personal use. Jul 31 One month of prepaid insurance worth $83 has been used. Jul 31 Monthly depreciation on the equipment was $800 Jul 31 Unearned revenue worth $480 has now been earned. Jul 31 interest of $110 has accrued on the bank loan. Jul 31 Accrued salary expense of $440 for an employee. At the end of July, the following adjustment had to be journalized to properly report the balances of the company's accounts