List of Accounts:

Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation-Building Accumulated Depreciation-Equipment Advances to Employees Allowance for Doubtful Accounts Bonds Payable Bond Sinking Fund Buildings Cash Cash Surrender Value of Life Insurance Common Stock Construction in Process Copyrights Debt Investments Dividends Payable Discount on Bonds Payable Equipment Equity Investments Finished Goods Inventory Franchises Goodwill Income Tax Payable Income Tax Receivable Interest Payable Interest Receivable Inventory Investments in Common Stock Investments in Stocks and Bonds Land Notes Payable Notes Receivable Noncontrolling Interest Paid-in Capital in Excess of Par - Common Stock Paid-in Capital in Excess of Par - Preferred Stock Patents Payroll Tax Expense Payroll Taxes Payable Pension Asset/Liability Pension Obligation Plant Assets Premium on Bonds Payable Preferred Stock Prepaid Advertising Prepaid Insurance Prepaid Expenses Prepaid Rent Raw Materials Rent Payable Restricted Cash Retained Earnings Salaries and Wages Payable Supplies Timberland Treasury Stock Trademarks Unearned Service Revenue Unearned Rent Revenue Unearned Subscriptions Revenue Work-in-Process

Problem 119 Given the following account information for Leong Corporation Equipment Interest Expense Interest Payable Retained Earnings Dividends Land Accounts Receivable Bonds Payable Notes Payable (due in 6 months) 28,830 Common Stock Accumulated Depreciation Equip. 11,830 Prepaid Advertising Service Revenue Buildings Supplies Income Taxes Payable Utilities Expense Advertising Expense Salaries and Wages Expense Salaries and Wages Payable Accumulated Depr. - Bld 58,200 2,680 550 41,580 137,320 104,170 76,450 66,260 5,020 337,500 79,760 1,710 2,910 1,400 1,530 53,220 940 15,390 45,600 8,470 Depreciation Expense