Account Title Cash Investment in equity securities Accounts receivable Inventory Prepaid insurance (for the next 9 months) Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patent (net) Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earnings Totals Debits $ 45,000 110,000 60,000 200,000 Credits 9,000 90,000 420,000 $ 100,000 110,000 60,000 10,000 75,000 130,000 20,000 240,000 300,000 129,000 $ 1,054,000 $ 1,054,000