The following is a list of the accounts and balances taken from the adjusted trial balance at December 31, 2021 for, Meilleur Merchants. The list of accounts is in alphabetical order. All accounts have normal balances. Meilleur uses a periodic inventory system and the earnings approach to recognize revenue. Balance Account Dec. 31 1 Accounts payable $15,000 2 Accounts receivable 30,000 3 Accumulated depreciation-building 15,500 4 Accumulated depreciation-equipment 10,000 5 Advertising expense 4,400 6 Building 84,600 7 S. Meilleur, capital 75,000 8 S. Meilleur, drawings 28,300 9 Cash 16,700 10 Depreciation expense 6,100 11 Equipment 24,500 12 Freight in 3,400 13 Freight out 620 14 Insurance expense 1,050 15 Interest expense 1,820 16 Interest revenue 1,440 17 Land 12,000 18 Merchandise inventory, beginning 90,200 19 Mortgage payable 57,600 20 Prepaid insurance 2,100 21 Property tax expense 1,400 22 Property taxes payable 600 23 Purchase discounts 6,300 24 Purchase returns and allowances 14,600 25 Purchases 267,200 26 Rent revenue 1,700 27 Salaries expense 40,300