DebitCredit Merchandise inventory S 41,000 Other (noninventory) assets Total liabilities S 25,000 104, 550 K. Valley, Capital K. Valley, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space store supplies expense Advertising expense Office salaries expense 8,000 225, 600 2,250 12,000 74, 500 32,000 8, 000 1, 500 13,000 28, 500 Rent expense Office space Office supplies expense Totals 3,600 400 $355, 150 $355, 150 DebitCredit Merchandise inventory S 41,000 Other (noninventory) assets Total liabilities S 25,000 104, 550 K. Valley, Capital K. Valley, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space store supplies expense Advertising expense Office salaries expense 8,000 225, 600 2,250 12,000 74, 500 32,000 8, 000 1, 500 13,000 28, 500 Rent expense Office space Office supplies expense Totals 3,600 400 $355, 150 $355, 150