Differentiate debit or credit from the followings:

Cash: $33,405

Fees Receivable: $28,440

Prepaid Rent: $0

Unexpired Insurance Policies: $0

Office Supplies: $560

Office Equipment: $21,000

Accumulated Depreciation: Office Equipment:

$7,000

Accounts Payable: $2,385

Income Taxes Payable: $1,150

Dividend Payable: $0

Unearned Agency Fees: $3,940

Salaries Payable: $0

Share Capital: $50,000

Retained Earnings: $11,525

Dividends: $0

Agency Fees Earned: $48,440

Telephone Expense: $880

Office Supply Expense: $1,160

Depreciation Expense: Office Equipment:

$1,875

Rent Expense: $4,500

Insurance Expense: $1,620

Salaries Expense: $24,790

Income Taxes Expense: $7,550