ACCOUNT TITLE DEBIT CREDIT

$1$

Cash

$76,000\mathrm{.}00$

$$

$2$

Accounts Receivable

$29,000\mathrm{.}00$

$$

$3$

Prepaid Insurance

$16,000\mathrm{.}00$

$$

$4$

Equipment

$60,000\mathrm{.}00$

$$

$5$

Accumulated Depreciation$-$Equipment

$40,000\mathrm{.}00$

$$

$6$

Accounts Payable

$6,000\mathrm{.}00$

$$

$7$

Salaries Payable

$8,000\mathrm{.}00$

$$

$8$

Income Taxes Payable

$4,000\mathrm{.}00$

$$

$9$

Common Stock

$2,000\mathrm{.}00$

$$

$10$

Retained Earnings

$136,000\mathrm{.}00$

$136,000\mathrm{.}00$

$11$

Dividends

$5,000\mathrm{.}00$

$5,000\mathrm{.}00$

$12$

Income Summary