Account Balances as of December 31st 100000 Bank Account 110100 Accounts Receivable (Direct Posting Account) 110150 Allowance for Bad Debtg Debit Balance Credit Balance $252,518 108,420 110200 Interest Receivable 200600 Inventory-Operating Supplies 200900 Inventory-Raw Materials (Direct Post) 200910 Inventory-Finished Goods (Direct Post) 200920 Inventory-Trading Goods (Direct Post) 200930 Inventory-Semi-finished Goods (Direct Post) 210000 Prepaid Insurance 211000 Prepaid Supplies 212000 Prepaid Advertising 215000 Prepaid Rent 216000 Deposits 220000 Notes Receivable 2,500 750 32,000 281,298 66,474 5,000 1,000 220110 Land (Direct Post) 425,000 220210 Production Machinery, Equip & Fixtures(Dir.Post) 915,000 220310 Accumulated Depreciation-Machinery (Direct Post) 220400 Office Furniture 305,000 220500 Accumulated Depreciation-Office Furniture 220600 Office Equip and Computers 220700 Accumulated Depreciation- Office Equipment 300100 Payables-Income Taxes 300300 Payables-Interest 300400 Payables-Short-Term Notes 300500 Payables-Long-Term Notes 300200 Accounts Payable (Direct Posting Account) 47,900 300600 Payables-Commissions 300700 Payables-Salaries and Wages 110,000 300800 Accrued Expense 988 310000 Goods Receipt / Invoice Receipt Account 320000 Accrued Tax - Output 3,063 321000 Accrued Tax- Input 322000 Unearned Revenues 329000 Common Stock 329100 Additional Paid-in-Capital 330010 Retained Earnings (Direct Posting) 1,000,000 618,009