Trial Balance

Debit

Credit

Cash

$95,000

Accounts receivable

15,000

Merchandise

29,000

Equipment

36,000

Accumulated depreciation

$600

Accounts payable

21,000

Notes payable

36,000

Owner’s equity

110,000

Sales Revenue

60,000

Cost of goods sold

42,000

Rent expense

5,500

Salaries expense

4,500

Depreciation expense

600

Total

$227,600

$227,600