ACC1100 Week 5 Lab Exercise 2-14Posting from the general journal to the general ledger L05 CHECK FIGURE: b. Jan. 31, 2017, Cash balance = $3,600 Sato Inspection Services is in its second month of operations. You have been given the following journal entries regarding its January 2017 transactions. Required a. Set up the following accounts (use the balance column format) entering the opening balances brought forward from the end of last month, December 31, 2016: Cash (101) $850; Accounts Receivable (106) $300; Equipment (167) $1,500; Accounts Payable (201) $325; Toshi Sato, Capital (301) $2,325; Toshi Sato, Withdrawals (302) $300; Revenue (401) $1,800; and Salaries Expense (622) $1,500. b. Post the journal entries to the accounts and enter the balance after each posting. Page 127 General Journal Page 1 Date Account Titles and Explanation PR Debit Credit 2017 Jan. 1 Cash.. 3.500 Toshi Sato, Capital. 3,500 Additional owner Investment 12 Accounts Receivable .. 9.000 Revenue ...... q,000 Performed work for a customer on account 20 Equipment.. 12,000 Accounts Payable. 10,000 Cash .. 2,000 Purchased equipment by paying cash and the balance on credit 31 Cash. 5.000 Accounts Receivable 5,000 Collected cash from credit customer. 31 Salaries Expense ... 3,000 Cash 3,000 Paid month-end salaries. 31 Toshi Sato. Withdrawals . 750 Cash .... 750 Toshi Sato withdrew cash for personal use