ACCOUNT NAME Debit Credit Debit Credit Debit Credit Debit Credit Debit Cash $9,500 Notes Receivable 160,000 Accounts Receivable 16,000 Interest Receivable 2,800 Merchandise Inventory, 9/30/15 55,200 Prepaid Insurance 3,800 Prepaid Office Rent 17,700 Office Supplies 2,800 Land 90,000 Forklift 26,500 $2,900 Accumulated Depreciation, Forklift Delivery Truck 39,500 4,900 Accumulated Depreciation, Delivery Truck 14,400 Accounts Payable

Cash $      35,000   Accounts Receivable 65,000   Finished Goods 120,000   Work in Process 58,683   Materials 14,000   Building 580,000   Accum. Deprec.—Building   $      43,500 Factory Equipment 440,000   Accum. Deprec.—Factory Equipment   110,000 Office Equipment 90,000   Accum. Deprec.—Office Equipment   33,750 Accounts Payable   85,000 Notes Payable   100,000 Capital Stock   470,000 Retained Earnings   560,433      Total $1,402,683 $1,402,683   During the month of August, the following transactions took place: a. Purchased raw materials at a cost of $55,000 and general factory supplies at a cost of $18,000 on account.  (NOTE:  Materials account includes both materials and supplies.) b. Issued raw material to be used in production, costing $45,500, and miscellaneous factory supplies, $13,500. c. Recorded the payroll, the payment to the…