< The Runners Company history ok fo... 1. Set up all General Ledger accounts according to the December 1, 2019 Trial Balance that is provided. May sure you use a December 1, 2019 date during ALL phases of set up. You may enter the beginning balance amounts for each account at this time or you can use a journal entry to enter beginning balances. DO NOT ENTER BEGINNING BALANCES FOR THE ACCOUNTS RECEIVABLE, THE ACCOUNTS PAYABLE and THE INVENTORY ACCOUNT. The beginning balances for these 3 accounts will be entered later. Acct. Nokecount Title Account Type Detail Type 10100 Cash Bank Checking 10500 Marketable Securities Other Current Investments-Other Assets 11000 Accounts Receivable Accounts Accounts Receivable 11100 Allowance for Receivable Other Current Allowance for Bad Debes Uncollectible Accounts Assets Debit Credit 556386 111 11500 Inventory Other Current Inventory Assets 11700 Prepaid Insurance Other Current Prepaid Expenses Assets 250 11900 Office Supplies Other Current Prepaid Expenses 2.000 16000 Land Assets Fixed Assets Land 17000 Building Fixed Assets Buildings 17500 Accumulated Fixed Assets Accumulated Depreciation Depreciation-Building This is a sub account of Building 18000 Office Equipment Fixed Assets 18500 Accumulated Fixed Assets Machinery & Equipment 42,675 Accumulated Depreciation 1.535 Depreciation-Office Equipment This is a sab account of Office Equipment 19000 Display Case Fixed Assets Furniture & Fixtures 20100 Accounts Payable Accounts Accounts Payable Payable 20200 Income Tax Payable Other Current Federal Income Tax Payable 20300 Salaries Payable Liabilities Other Current Other Current Liab Liabilities 20400 Cash Dividends PayableOther Current Other Current Liabilities 20500 Interest Payable 20600 Note Payable Liabilities Other Current Other Current L Liabilities Long Term Note Payable Liabilities 20700 Property Tax Payable Other Current Other Current Liabi 30100 Noah Are, Capital Equity 30200 Noah Arc. Drawings Equity Opening Balance Equity Owner's Equity 168642