The Buy-It Design Company creates radio and television advertising for local businesses in the twin cities. The following alphabetical list shows Buy-It Design's account balances as of January 31, 20xx:

Required
Insert the account title at the top of its corresponding T account and enter the dollar amount as a normal balance in the account. Determine the balance of Equipment and then show that the accounting equation is in balance.

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Accounts Payable 3,210 E. Fox, Withdrawals 18,000 5,000 5,940 480 9,000 62,000 Accounts Receivable Cash Design Revenue 36,000 Loans Payable 7,200 Rent Expense 105,000 Telephone Expense ?Unearned Revenue E. Fox, Capital 32,000 Wages Expense Owner's Equity Assets = Liabilities + E. Fox, -E, Fox, + Revenues-Expenses Capital Withdrawals