Debit balances Credit balances Cash $ 89,300 Accounts receivable 37,700 Inventory 94,400 Supplies 5,000 Prepaid rent 45,400 Land 79,700 Building 149,000 Accumulated depreciation, building $19,350 Accounts payable 21,500 Wages payable Interest payable Income tax payable 12,400 Unearned revenue Bank loan payable 40,000 148,000 Common shares 16,250 Retained earnings 843,000 Sales revenue 485,600 Cost of goods sold 94,600 Wages expense 0 Rent expense Supplies expense Depreciation expense Interest expense 13,900 Miscellaneous expenses 0 Income tax expense 5,900 Dividends declared $1,100,500 $1,100,500 Totals No. Account Titles and Explanation Debit Credit 1. Unearned Revenue Sales Revenue 2. Wages Expense 2,000 Wages Payable 2,000 3. Rent Expense Prepaid Rent 4. Supplies Expense 4,600 4,600 Supplies 19,350 5. Depreciation Expense 19,350 Accumulated Depreciation-Buildings 6. Interest Expense Interest Payable 0 7. Income Tax Expense Income Tax Payable