Account Title Share capital (1,500,000 shares at $1.00 each) Retained earnings, 31 Dec 2016 Storage equipment at cost Motor vehicles at cost Accumulated depreciatiorn Debit (S) Credit (S) 1,500,000 800,000 2,500,000 500,000 storage equipment motor vehicles 460,000 200,000 Prepaid insurance Storage supplies 36,000 124,500 650,000 27,000 Rental expense Insurance expense Storage fee earned General expenses Wages and salaries Storage supplies expense Transportation expense Interest and bank charges Allowance for doubtful debts Accounts receivable 1,325,000 20,360 179,400 23,820 50,500 440 1,375 128,125 Accounts payable Bank 35,300 78,780 4,320,3004,320,300