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IV The transactions of Molina Information Service are recorded in the general journal below. You are to post the joumal entries to the accounts in the general ledger General Journal J1 Date Account Titles and Explanation Ref. Debit Credit 2016 Sept. 1 27,000 Cash Owner's Capital (Invested cash in business) 27,000 4 34,000 9.000 25,000 8 Equipment Cash Notes Payable (Paid cash and issued 2-year, 9%, note for equipment) Rent Expense Cash (Paid September rent) Prepaid Insurance Cash (Paid one-year liability insurance) 1,000 1,000 15 900 900 18 2.800 2,800 20 500 500 25 100 Cash Service Revenue (Received cash for delivery services) Salaries and Wages Expense Cash (Paid salaries for current period) Utilities Expense Accounts Payable (Received a bill for September utilities) Owner's Drawings Cash (Withdrew cash for personal use) Accounts Receivable Service Revenue (Billed customer for delivery service) 100 30 1,600 1,600 30 4.500 4,500 (cont.) General Ledger Cash Account No. 101 Date Explanation Ref. Debit Credit Balance Accounts Receivable Account No. 112 Date Explanation Ref. Debit Credit Balance Prepaid Insurance Account No. 130 Date Explanation Ref. Debit Credit Balance Equipment Account No. 155 Date Explanation Ref. Debit Credit Balance

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