Using the 31 May 2020 Trial Balance (below),

.1 Prepare Opening Journal entry to create the new Accounting records for Zone Electrical Services. Ensure you have a narration on all General Journal Entries.

.2 Post the Opening Journal entry to the relevant General Ledger and Subsidiary Ledger accounts contained in the Excel File provided for this assignment.** The Excel file for your assignment is in the Assessments Module on the Course website. Check to ensure that the totals of your subsidiary ledger accounts (when posted) agree with the relevant General Ledger Control Account.

**(The Excel files contain the General Journal, General Ledger, Accounts Receivable/Accounts Payable Subsidiary Ledgers that you are required to complete. The necessary ledger accounts (as well as blank accounts to be used if needed) have been included. You may be required to add new accounts as part of the assignment.)

Additional Notes Subsidiary Ledger Balances Schedule of Accounts Receivable as at 31 May 2020 Acc. No.~ 60701 New Star Design 60703 Medical Centres SA 4954 60705 Gully Construction 60707 Bendywise Bank 8,228- 50709 Housing For U 4,752- 60711 The Pub Group 880 $14,355- Schedule of Accounts Payable as at 31 May 2020 70301 Action Limited 70303 Voltz 3,1684 70305 Amped Up Industries 275- 70307 Safety First 1,463+ 70309 Clips n Cables 3,443- $8,349 You will need to enter this information into the appropriate subsidiary ledger accounts.~Zone Electrical Services - Chart of Accounts as at 31 May 2020- 605- Cash at Bank 5,370.00 6074 Accounts Receivable Control 14,355.00 609- Allowance for Bad and Doubtful Debts 287.00 611- Inventory on Hand 12,400.00 613- Stationery on Hand 130.00- 615- Prepaid Expenses 2,690.00- 653- Buildings 360,000.00 655- Accumulated Depreciation - Buildings 73,500.00