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Fife & Company, a public corporation offering accounting services to low income clients has the following...

Fife & Company, a public corporation offering accounting services to low income clients has the following transactions in their second year of business.

Date Description Debit Credit
Jan 4 Organization Costs 23,000
   Common Stock 23,000
Jan 5 Cash 75,000
   Common Stock 75,000
Jan 8 Prepaid Rent 3,000
   Cash 3,000
Jan 12 Office Equipment 7,500
   Accounts Payable 6,250
   Cash 1,250
Jan 17 Cash 17,000
Accounts Receivable 6,000
   Service Revenue 23,000
Jan 25 Supplies 7,500
   Accounts Payable 7,500

Post the journal entries to the ledger and show the ending balance in each ledger account.

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Ledger Accounts with ending balances in yellow color:

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