VALUE ACCOUNT $ 36,000 Wages payable $ 360,000 Wages expense $ 255,000 Vehicles Utilities expense Unearned revenue $ 18,000 $ 6,000 Telephone expense $ 7,500 Taxes payable $ 12,000 Supplies expense $ 6,000 Stock price per share $ 60 $ 75,000 Sales returns Revenues Retained earnings $2,250,000 ? $ Repairs $ Rent Office supply 4,500 108,000 $ 4,500 $ 12,000 Office expense Number of shares issued 750,000 Maintenance expense $ Land Inventory Interest expense $ $ Insurance expense 15,000 750,000 240,000 $ 18,000 $ 30,000 Income Taxes (30%) Furniture and fixtures Equipment ? $ 60,000 $ 150,000 Dividends paid $ 30,000 Depreciation expense $ 117,000 Cost of goods sold $ 660,000 Common shares $ 750,000 Bank loan Bank charges Bad debt expense Commissions expense Cash Buildings $ 120,000 $ 450,000 $ Advertising expense Advance paid expenses $ Accumulated depreciation - vehicles $ Accumulated depreciation - furniture and fixtures Accumulated depreciation - equipment Accumulated depreciation - buildings Accounts receivable Accounts payable 360,000 $ 1,500 $ 6,000 12,000 6,000 30,000 $ 12,000 $ 30,000 $ 45,000 $ 30,000 $ 15,000