Trial Balance Provided by Owner DEBIT CREDIT Cash 4,850 Accounts Receivable 25,000 Inventory 11.700 Building purchase price 250,000 Equipment 16,000 Accounts Payable 8,300 Note Payable 250,000 Common Stock 30.000 Retained Earnings Dividends Declared Sales Revenue 60,000 Cost of Goods Sold 20,220 Rent Expense 3,450 Wages Expense 6,000 11.080 Other Expenses Total 348 300 348.300