You have just accepted your first job out of college, which requires you to evaluate loan requests at Eastwood National Bank. The first loan request you receive is from Richard Enterprises. Richard Tracy, the CEO, is requesting $105,000 and brings you the following trial balance (or statement of accounts) for the first year of operations ended December 31.

What three accounts do you think should be retitled for greater clarity?

Richard Enterprises
Statement of Accounts
December 31
Cash	$ 2,050
Billings Due from Others	15,070
Office Supplies	7,470
Trucks	36,370
Equipment	8,090
Amounts Owed to Others		$2,850
Investment in Business		33,500
Service Revenues		73,650
Wages Expense	30,050
Rent Expense	7,330
Insurance Expense	2,400
Utilities Expenses	700
Miscellaneous Expenses	470
Totals	$110,000	$110,000

The following items should be retitled for greater clarity:

Billings Due from Others
Amounts Owed to Others
Investment in Business