Page ZOOM > of 3 Module 3 Task 2 Comprehensive Exercise: The Accounting Cycle, Part 1 This exercise has two parts. In this task, we will work on the first part. We will finish the second part in Module 5. This part has 3 requirements. The general ledger of Falcon Cleaning Inc in the beginning of 2021 includes the following balances: Accounts Debits Credits Cash 20,000 Accounts receivable 8,000 Supplies 4,000 Equipment 15,000 Interest payable 5,000 Salaries payable 7,500 Common Stock 25,000 Retained Earnings 9,500 Total 47,000 47,000 13 tv W BRA 4. 5 6 7 8 Page of 3 - ZOOM Accounts receivable Supplies Equipment Interest payable Salaries payable Common Stock Retained Earnings Total 8,000 4,000 15,000 5,000 7,500 25,000 9,500 47,000 47,000 Required 1. Setup the necessary T-accounts and enter the beginning balances from the table given above. In addition to the accounts shown, the company also has accounts for dividends, service revenue, salaries expense, repairs and maintenance expense, interest expense and supplies expense. The beginning balances of these additional accounts are allowe'll talk about the reason why in Module 5)