Student Name ACCI11 Financial Accounting Fall, 2018 Professor Kenneth J. Horowitz Test #1 General Instructions: This test contains five (5) problems, each of equal value. You may write your answers directly below each problem or on the reverse side of the page. Exercise care and check your work before you submit it. 1. The following information was taken from the Griffin Corporation's books: Accounts receivable Income tax expense Retained earnings Service revenue Advertising expense Salaries expense Accounts payable Supplies expense Utilities expense $132,000 40,000 36,800 2,400 9,600 s 78,400 49,600 201,600 360,000 14,400 Rent expense Prepare an income statement, in good form, for the year ended December 31, 2018