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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Ee 121.

Transcribed Image Text:Kinney Company incorporated on May 1, of this year. Below you will find the company's financial data at May 31.
Accounts receivable
Accounts payable
Advertising expense
Cash
6,780
Investments by owner 10,000
Dividends to owner
1,500
Equipment
5,000
350
500
5,680
600
140
Rent expense
Salaries expense
Service revenue
$860
250
200
Supplies
Utilities expense
Required: Use this information to complete an income statement, statement of retained earnings and balance
sheet.
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