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Davidson Company was started on May 1, 2021 by Jane Davidson. Using the adjusted account balances below, prepare IN GOOD FORM the Income Statement, Owner's
Davidson Company was started on May 1, 2021 by Jane Davidson. Using the adjusted account balances below, prepare IN GOOD FORM the Income Statement, Owner's Equity Statement and Balance Sheet for the month ended May 31, 2021. Advertising Expense Accounts Payable Accounts Receivable Accumulated Depreciation: Equipment Cash Depreciation Expense Equipment Insurance Expense 6,000 10,000 15,400 8,000 10,300 14,000 34,000 3,200 2,800 12,000 2,600 3,000 39,000 Salaries Payable 7,500 Service Revenue 90,000 Miscellaneous Expense 2,000 Owner's Capital 20,000 Interest Expense Notes Payable Prepaid Insurance Rent Expense Salaries Expense Owner's Drawing Supplies Supplies Expense 10,000 2,500 5,700 Unearned Revenue 5,000 GENERAL JOURNAL Date Account Titles & Explanation Ref. Debit Pag 1 Credit Income Statement Owners Equity Statement Owners Equity Statement Balance Sheet
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