(8) Paid $3,000 insurance for next year in advance. Debit and credit the accounts affected Ensure the equation still balances and debits -credits Assets Liabilities Stockholders' Equity (h) Paid $9.000 rent for next six months in advance. Debit and credit the accounts affected + Stockholders' Equity Ensure the equation still balances and debits = credits Assets Liabilities (i) Received $250 telephone bill for previous month, to be paid next month. Debit and credit the accounts affected + Stockholders' Ensure the equation still balances and debits = credits Assets Liabilities 3-3 Assets Liabilities Stockholders' Equity + Contributed Capital - 10.000 Begal - Accounts Payable + 0 Begal Begial 3,100 - Notes Payable+ 15,000 BegBal - Retained Earnings + o Begal + Supplies - Beg Bal 900 - Unearned Revenue + 0 Begal -Revenue O BegBall + Accounts Receivable - Beg Bal 0 + Wage Expense- BegBal 0 + Prepaid Rent- BegBal 0 + Utilities Expense- BegBal 0 + Prepaid Insurance BegBal 0 + Telephone Expense BegBal 0 + Property, Plant & Equipment BegBal 21,000 3-5 PREPARATION OF UNADJUSTED TRIAL BALANCE World Wide Webster Unadjusted Trial Balance January 312, 2010 Account Debit Credit Cash Supplies Accounts Receivable Prepaid Rent Prepaid Insurance Property, Plant & Equipment Accounts Payable Notes Payable Unearned Revenue Contributed Capital Retained Earnings Revenue Wage Expense Jtilities Expense elephone Expense Totals 3-6