III. PROBLEM SOLVING. CASH $ ???????? ACCOUNTS RECEIVABLE 100,000 SALARIES EXPENSE 75,000 OTHER INCOME 20,000 NOTES RECEIVABLE 800,000 SUPPLIES 10,000 PREPAID INSURANCE 3,000 SERVICE INCOME 190,000 PREPAID RENT 5,000 LAND 500,000 BUILDING 700.000 RENT EXPENSE 50,000 INTEREST EXPENSE 2,000 OFFICE EQUIPMENT 20,000 FURNITURE AND FIXTURES 30,000 MACHINERY AND EQUIPMENT 200,000 FEES INCOME 70,000 ACCOUNTS PAYABLE 200,000 UNEARNED REVENUES 20,000 NOTES PAYABLE 800,000 OTHER EXPENSES 12,000 MORTGAGE PAYABLE 1,200,000 AGC, CAPITAL 1,000,000 AGC, WITHDRAWALS 10,000 UTILITIES EXPENSE 40,000 REQUIRED: 1. ARRANGE AND TOTAL THE TRIAL BALANCE. PLACE THE AMOUNTS ON THE DEBIT AND CREDIT SIDES OF THE TRIAL BALANCE 2. PREPARE THE INCOME STATEMENT, STATEMENT OF OWNER'S EQUITY AND BALANCE SHEET