ICF'EI Raymund Cempanv's trial balance at December 31, INT, is presented belew. All 20H lransaetiens have been recorded exeept fer the items described belmv and en page 41%. Lb\" {ind\" Cash REID Accounts Receivable 35,300 Mates Reeeivsble I Interest Reeeivable \"\" [IWCI'IIGW 345,200 Prepaid Insurance #3011 Land El Buildings l' Equipment Patents Sim!) Allowance for Deubtil Aeeeunls E 300 Aeeurnulated DepreciatienEuiidings 49,1300 heeumulated DeureeiatiemvEuuinment 24330 Aeeannts Payable Incense Taxes Payable Salaries and Wages Payable Unearned Rent Revenue Mates Payable Iislue In EDIE} Interest Payable Hates Payable {clue after EDIE} Share Capltalrdlnat'y Retained Earnings Dividends Sales Revenue Interest Revenue Rent Revenue Gain en Disposal ei' Plant Assets Bad Debt Expense Cast [If Goods Sold Depteeiatjnn Expense Incense Tax Expense Insurance Expense Interest Expense Either Operating Expenses Amuninatina Expense Salaries and Wages Expense "Intel Debit ll E l. [TEEN Unreeorded transactions: l. 2. in.\" El 9'. I'll}. ll. 12. I3. 14. lKin May I, 2011'. Raymond purchased equipment for E I 3.0% plus sales tases of 7350 |[all paid in cash}. n July I, lull Raymond sold for 3,500 equipment which originally cost Eli-BOD. Accumulated depreciation on this equipment at January L EDIT. was ELSEHJ: Hill? depreciatictn prictr ter- the sale cf the equipment was Ell-5i}. . n Deeember Iii. Ei'i, Rayrnond sold on account E'Elaiii of inventory that east Ebi}. Raymund estimates that uncollectible accounts receivable at year-end is HEW. The note receivable is. a tum-year, 3% note dated April lr Hill No interest has been recorded. The balance in prepaid insurance represents. payment of a 4.4i} tit-month premium an October I. I'D\". . The building is being depreciated using the straight-line method over at] years. The residual value is El. The equipment casted prior to this year is being depreciated using the straight-line method ever 5 years. The residual value is lM'b ctf coal. The equipment purchased on May I. 201?. Is being depreciated using the straight-line method over 5 years. with a residual value of E I .001}. The patent was acquired on January 1. MIT. and has a useful life of H] years from that date. Unpaid salaries and wages at December 3 I. Ii'i'. latal H.200. The unearned I'liI'll revenue of Ebi} was received tat December 1. It] I T. for 4 thumbs rent. Both the shortterm and longterm not es payabiae are dated January I. 201?. and carry a as interest rate. All interest is payable in the nest 12 months. Income tait expense was E I III-Di}. It was unpaid at December 31