General Ledger Account Cash Accounts receivable, net No. Date Debit Credit Balance No. Date Debit March 31 504,000 March 31 No. Date March 31 Raw materials inventory Debit Credit Balance 234,000 Work in process inventory Credit Balance No. Date Debit 93,500 March 31 Factory Equipment No. Date Debit March 31 Credit Balance 146,650 Accumulated depreciation - Factory equipment Credit Balance No. Date Debit 523,500 March 31 Credit Balance 166,500 Accounts payable Common stock, $5 par value No. Date Debit Credit Balance No. Date Debit March 31 50,400 March 31 Credit Balance 304,000 Paid-in capital in excess of par - Common Retained earnings No. Date March 31 Debit Credit Balance No. Date Debit Credit Balance 204,000 March 31 776,750