Tracey Sullivan begins business on May 1 ,20- ,with the following assets and liabilities :Cash , $ 5000;Accounts Receivable from Atkinson Sons ,$ 500;Land ,$ 40000 ;Building ,$ 100000 ; Office Equipment ,$ 6800;Accounts Payable to Statton Builders ,$ 2000;Mortgage on Building , $ 50000 .Record the opening entry for Tracey Sullivan in the two-column general journal .

1. Tracey Sullivan begins business on May 1, 20-, with the following assets and liabilities: Cash, $5000; Accounts Receivable from Atkinson & Sons, $500; Land, $40 000; Building, $100 000; Office Equipment, $6800; Accounts Payable to Statton Builders, $2000; Mortgage on Building, $50 000. Record the opening entry for Tracey Sullivan in the two-column general journal. GENERAL JOURNAL PAGE DATE PARTICULARS P.R. DEBIT CREDIT