Question 1 (1 point) Equipment costing $20,000 machine is purchased by paying $5,000 cash and signing a note payable for the remainder. The journal entry should include a Barnes Company showed the following balances at the end of its first year: Cash $14,000 Prepaid insurance 700 Accounts 3,500 receivable Accounts payable 2,800 Notes payable 4,200 Common stock 5,400 Dividends 700 Revenues 24,000 Expenses 17,500 What did Barnes Company show as total credits on its trial balance