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Debit Credit Cash 50,000 Inventory 50,000 Equipment 50,000 Accumulated Depreciation 10,000 Accounts Payable 30,000 Sales Revenue 60,000 Depreciation Expense 10,000 Interest Expense 10,000 Salaries

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Debit Credit Cash 50,000 Inventory 50,000 Equipment 50,000 Accumulated Depreciation 10,000 Accounts Payable 30,000 Sales Revenue 60,000 Depreciation Expense 10,000 Interest Expense 10,000 Salaries Expense 20,000 Retained Earnings 50,000 Common Stock 50,000 Dividends 10,000 Total $200,000 $200,000 Calculate the following and select the correct amount: 1. Total Assets: [Select] 2. Total Liabilities: [Select] 3. Total Equities: [Select] 4. Net Working Capital: [Select] 5. Operating Expense: [Select]

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