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