The trial balance for a merchandiser is as follows. A physical count of inventory at the end of the accounting year reveals $28,000 of inventory on hand. (Assume a perpetual inventory system.) Debit Credit Cash Accounts Receivable $12,600 2,400 Prepaid Rent 800 Merchandise Inventory 30,000 Accounts Payable $4,200 Salaries Payable 1,000 Notes Payable 800 Owner, Capital 13,800 Owner, Withdrawals 1,000 Sales Revenue 96,000 Sales Returns and Allowances 1,600