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Journalize the opening entry

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Ninia Sur began a tailoring business called " Top Tailors Ltd." on March 1, 2021. The following balances were taken from the company's balance sheet:

Beginning balances:

Bank $ 5,000

A/P - Eastern Supplies $ 10,500

A/R - D. Do $ 340

Bank Loan $ 60,000

Supplies $ 3,560

N. Sur, Capital $ 12,200

Equipment $ 45,700

Automobiles $ 28,100

Problem a) Journalize the opening entry.

Reference no: EM132899763

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