These financial statement items are for Norsted Company at year-end, July 31, 2017.

Salaries and wages payable		$ 2,100		Notes payable (long-term)		$ 2,000
Salaries and wages expense		51,700		Cash		16,000
Utilities expense		22,400		Accounts receivable		10,800
Equipment		31,500		Accumulated depreciation-equipment		6,000
Accounts payable		4,900		Dividends		2,600
Service revenue		61,500		Depreciation expense		3,500
Rent revenue		8,300		Retained Earnings (beginning of the year)		20,700
Common Stock		33,000