1.Presented below are selected accounts from the adjusted trial balance ($ Millions) for San Pedro Industries for June 30 of the current year.

	Debit	Credit
Accounts Receivabletrade	$895
Building and Equipment	1425
Cash in bankOperating	76
Interest Receivable	60
Installment receivables	120
Merchandise Inventory	100
Land	600
Notes receivableLong term	475
Petty cash	12
Prepaid expenses current	46
Supplies	28
Patent	85
Accounts PayableTrade		710
Accumulated Depreciation		375
Additional Paid in Capital		725
Allowance for Uncollectible Accounts		95
Cash Dividends Payable		50
Common Stock$1 par value		90
Income tax payable		105
Notes payable2 years		1000
Retained Earnings		85
Unearned Revenues2 years		125
Cash Dividends Declared	200
Income Summary		762
TOTALS	$4122	$4122