The transactions of Medina Information Service are recorded in the general journal below. You are to post the journal entries to the accounts in the general ledger. After all entries have been posted, you are to prepare a trial balance on the form provided. 
Definitions:
Financing Costs
These are the expenses incurred by a company or an individual when acquiring funds to finance an investment or project, including interest payments, fees, and other charges.
Cash Flow Component
Part of the total amount of money being transferred into and out of a business, affecting its liquidity.
Discount Rate
A rate used to determine the present value of future cash flows.
Incremental Cash Flow Principle
The concept that financial decisions should be made based on the changes in cash flows that the decisions will cause, ignoring cash flows that will not be affected.
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