Debit Credit $ 1,000 12,500 5, 800 2,400 42,900 Cash Merchandise inventory store supplies Prepaid insurance Store equipment Accumulated depreciation-store equipment Accounts payable Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation expense-Store equipment Salaries expense 15,250 10,000 5,000 27,000 2,200 111,950 2,000 2,200 38,400 35,600 Insurance expense Rent expense Store supplies expense Advertising expense Totals 15,000 0 9,800 $169,200 $169, 200