Income Statement Accounts Sales Revenue, Salaries Expense, Wages Expense, and Interest Expense. a. The owner opened a business account and deposited $60,000 in the bank. b. The owner borrowed and deposited $30,000 on a note payable to the bank. c. The owner paid one year of rent in advance on the restaurant space, $18,000 cash. d. The owner purchased equipment $46,000; $16,000 in cash and the balance on account. e. Furnishings were purchased for $30,400 cash. f. The owner purchased $3,200 of food inventory on account and paid $3,800 cash for beverage inventory. g. The owner purchased supplies for $2,650 cash. h. The owner purchased $3,800 of food inventory on account. i. The owner paid $2,700 for a one-year liability and casualty insurance policy. j. Employees were paid wages of $12,800 and salaries of $2,400. k. Sales revenue for the first month was $42,800; 90% cash, 8% credit cards, and 2% on accounts receivable. l. The owner paid $16,600 on accounts payable. m. The owner paid $8,000 on note payable, plus interest of $960. Journalize each transaction and then post each transaction to a general ledger; prepare an unadjusted trial balance for the month ended March 31, 2006.

What is the balance of Cash accounts when you prepare an unadjusted trial balance? Debit account? Credit account?