Question: 2. (40 Points) Davidson Company was started on May 1, 2020 by Jane Davidson. Using the adjusted account balances below, prepare IN GOOD FORM the
2. (40 Points) Davidson Company was started on May 1, 2020 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, 2020. Advertising Expense Accounts Payable Accounts Receivable Accumulated Depreciation: Equipment Cash Depreciation Expense Equipment Insurance Expense Interest Expense Notes Payable Prepaid Insurance Rent Expense Salaries Expense Salaries Payable Service Revenue Owner's Capital Owner's Drawing Supplies Supplies Expense Uneamed Revenue 6,000 11,000 15,400 8,000 10,300 14,000 34,000 4,000 1,800 12,000 2,800 3,000 41,000 4,500 90,000 20,000 10,000 2,500 5,700 5.000
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