Davidson Company was started on May 1, 2021 by Jane Davidson. Using the adjusted account balances below, prepare IN GOO

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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 Equity Statement and
Balance Sheet for the month ended May 31, 2021.
Advertising
Expense
6,000
Accounts
Payable

10,000
Accounts
Receivable

15,400
Accumulated Depreciation:
Equipment


8,000
Cash

10,300
Depreciation
Expense

14,000
Equipment

34,000
Insurance
Expense

3,200
Interest
Expense
2,800
Notes
Payable

12,000
Prepaid
Insurance

2,600
Rent
Expense
3,000
Salaries
Expense
39,000
Salaries
Payable

7,500
Service
Revenue

90,000
Miscellaneous
Expense
2,000
Owner’s
Capital

20,000
Owner’s
Drawing

10,000
Supplies

2,500
Supplies
Expense

5,700
Unearned
Revenue

5,000