give the credit and debit solution

ps. we dont have miscellaneous in our lesson.

PROBLEM 7: STATEMENT OF FINANCIAL POSI The trial balance of Entity A on December 31,2 following information: Debii 120,0 2,000,0 4,000, Cash on hand Cash in bank Accounts receivable Allowance for doubtful accounts Advances to employees Advances to suppliers Inventories Prepaid insurance Land Building Accumulated depreciation - Bldg. 80, 60, 2,400 1,600 4,400 6,800 ATEMENT OF FINANCIAL POSITION e of Entity A on December 31, 201 lhows the ation: Debits Credits 120,000 2,000,000 4,000,000 600,000 able oubtful accounts ployees Ppliers 80,000 60,000 2,400,000 1,600,000 4,400,000 6,800,000 ice epreciation - Bldg. 4,000,000 Accounts payable Accrued liabilities Income tax payable Loans payable (due in 2013 Discount on loan payable Interest payable (due in 2012 Owner's Capital Totals 1,7 e 23,2 ayable bilities payable ble (due in 2013 n loan payable able (due in 2012 apital 1,440,000 160,000 1,000,000 6,000,000 1,740,000 680,000 9,320,000 23,200,000 23,200,000