15 Land 16 22222222 17 Equipment Prepaid insurance 18 Retained earnings, beginning 19 Service revenue 20 21 Selling expenses Short term investments Salaries and wages expense 23 Salaries and wages payable 24 Notes payable Acquire equipment on account Pay insurance on on 1/1 for one year coverage Receive cash as commission for acting as rental agent renting an apartment Record depreciation expense Bill customers for service performed debit credit