=+Balances Balances Balances Balances Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000 15,000 Accounts Receivable . . . . . . . . . . . . . . . . . . . 36,500 44,000 Laundry Supplies . . . . . . . . . . . . . . . . . . . . . . 7,500 11,000 Prepaid Insurance* . . . . . . . . . . . . . . . . . . . . . 10,400 2,800 Laundry Equipment . . . . . . . . . . . . . . . . . . . . 280,000 268,000 Accumulated Depreciation . . . . . . . . . . . . . . . . 96,000 96,000 Accounts Payable . . . . . . . . . . . . . . . . . . . . . . 19,200 19,200 Wages Payable . . . . . . . . . . . . . . . . . . . . . . . 2,400 Carlos Martinez, Capital . . . . . . . . . . . . . . . . . 120,600 120,600 Carlos Martinez, Drawing . . . . . . . . . . . . . . . . 57,550 57,550 Laundry Revenue . . . . . . . . . . . . . . . . . . . . . . 364,200 364,200 Wages Expense . . . . . . . . . . . . . . . . . . . . . . . 98,400 98,400 Rent Expense . . . . . . . . . . . . . . . . . . . . . . . . . 51,150 51,150 Utilities Expense . . . . . . . . . . . . . . . . . . . . . . . 37,000 37,000 Depreciation Expense . . . . . . . . . . . . . . . . . . . 12,000 Laundry Supplies Expense . . . . . . . . . . . . . . . . 3,500 Insurance Expense . . . . . . . . . . . . . . . . . . . . . 1,600 Miscellaneous Expense . . . . . . . . . . . . . . . . . . 6,500 6,500 _______ _______ _______ _______ 600,000 600,000 608,500 602,400 _______ _______ _______ _______ _______ _______ _______ _______

*$7,600 of insurance expired during the year.