Using the following blank forms,Set up the accounts for the general ledger and insert the beginning balances for the accounts from the post closing trial balance. The balances from the post closing trial balance become the beginning balances for the accounts for the next accounting period.

Below is the form

J & LAccounting, Inc. Post-Closing Trial Balance December 31, 2017 BALANCE ACCOUNT TITLE DEBIT CREDIT $20,500.00 Cash, Business Checking Accounts Receivable Prepaid Rent Vehicles Accumulated Depreciation, Vehicles Equipment Accumulated Depreciation, Equipment Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Advertising Expense Rent Expense Office Supplies Expense Telephone Expense Utilities Expense Depreciation Expense 48,000.00 $12,000.00 3,600.00 600.00 38,000.00 21,500.00 TOTALS $72.100.00 $72,100.00