Cash $ $4,800$

Wages Payable $800$

Supplies Expense $6,720$

Equipment $36,800$

Wages Expense $40,000$

Prepaid Rent $640$

Cost of Goods Sold $51,200$

Sales Revenue $106,320$

Accounts Receivable $16,000$

Rent Expense $7,680$

Bank Loan Payable $6,080$

Advertising Expense $1,200$

Accounts Payable $8,000$

Utilities Expense $960$

Dividends Declared $1,920$

Depreciation Expense $800$

Common Shares $32,000$

Telephone Expense $320$

Interest Expense $480$

Accumulated Depreciation, Equipment $2,400$

Retained Earnings $28,160$

Inventory $12,800$

Repairs and Maintenance Expenses $640$

Supplies $1,280$

Interest Payable $480$