Accounts Payable The following account balances pertain to the KH Co. at December 31, 2019 (before adjusting entries). Common Stock Debit Cash. $300,000 Retained Earnings Prepaid Insurance 50,000 Service Revenue Land 400,000 Wages Expense 150,000 Accounts Payable Rent Expense 180,000 Common Stock Total $1,080,000 Retained Earnings Additional information Accounts Payable The following account balances pertain to the KH Co. at December 31, 2019 (before adjusting entries). Common Stock Debit Cash. $300,000 Retained Earnings Prepaid Insurance 50,000 Service Revenue Land 400,000 Wages Expense 150,000 Accounts Payable Rent Expense 180,000 Common Stock Total $1,080,000 Retained Earnings Additional information