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Accounts Payable $500 Accounts Receivable $1000 Accumulated Depreciation, Equipment $500 Cash $600 Common Stock $1200 Depreciation Expense, Equipment $0 Equipment $2300 Insurance Expense $0 Inventory

Accounts Payable $500

Accounts Receivable $1000

Accumulated Depreciation,

Equipment $500

Cash $600

Common Stock $1200

Depreciation Expense, Equipment $0

Equipment $2300

Insurance Expense $0

Inventory $2000

Prepaid Insurance $600

Retained Earnings $2800

Service Fee Revenues $3500

Supplies $700

Supplies Expense $0

Wages Expense $1300

Wages Payable $0

Please 1) Give the account name 2) Include a description 3) and if it is a debit or credit, and what the balance is.

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