Debit Credit Merchandise inventory $ 38,500 Other (noninventory) assets 154,000 Total liabilities $ 44,468 Common stock 75,256 Retained earnings 51,825 Dividends 8,000 Sales 263,340 Sales discounts 4,029 Sales returns and allowances 17,380 Cost of goods sold 101,850 Sales salaries expense 36,078 Rent expense