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ACC 925 MCMASTER UNI Cash $21,450 Accounts Receivable 7,000 Inventory 6,650 Office Supplies 100 Store Supplies 200 Prepaid Rent 600 Office Equipment 3,000 Accumulated Depreciation-Office

ACC 925 MCMASTER UNI Cash $21,450 Accounts Receivable 7,000 Inventory 6,650 Office Supplies 100 Store Supplies 200 Prepaid Rent 600 Office Equipment 3,000 Accumulated Depreciation-Office Equipment $600 Store Equipment 5,800 Accumulated Depreciation-Store Equipment 580 Accounts Payable 1,390 Notes Payable 4,200 Common Shares 3,023 Dividends 16,550 Sales Revenue 88,142 Cost of goods sold 15,070 Office Salaries Expense 6,825 Rent Expense 1,200 Office Supplies Expense 1,300 Advertising Expense 1,800 Income tax expense 1,590 Depreciation Expense 400 Totals $93,735 $93,735 Instructions , Prepare a multi-step Income Statement

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