Create new company files from existing ones in QuickBooks Desktop

I have created a new company file and saved my old one.  So starting Jan 1 2025 in the new company.  We are in Canada so the condense data method did not work here and I had to start from scratch to set up my Chart of Accounts.  I have that now.  Now I need to bring in a Journal Entry from the old.  So I printed the Balance sheet and the Profit + Loss reports in the old.  

It seems to me since there are amounts in Accounts Payable and Accounts Receivable that I may need to make a few journal entries as both AP and AR require to be on the first line in a Journal Entry.  I am second guessing which entry has to be made so I have all my right amounts for the start of the year.  Can I get some help in walking me through how to proceed?

Thanks!

Pat