1) Following is an alphabetical list of the assets, liabilities, revenues, and expenses of Keykin Inc. Prepare an income statement for the year ended September 30, 2020. Accounts payable $2,800 Note payable $4,00 Accounts receivable 5,400 Rent expense 10,20 Advertising expense 3,600 Salary expense 12,10 Cash Cost of goods sold 9,100 31,700 Salary payable Sales revenue 900 75,80 Inventory Interest expense 7,900 Supplies Utilities expense 1,800 800 700

1) Following is an alphabetical list of the assets, liabilities, revenues, and expenses of Keykin Inc. Prepare an income statement for the year ended September 30, 2020. Accounts payable $2,800 Note payable $4,00 Accounts receivable 5,400 Rent expense 10,20 Advertising expense 3,600 Salary expense 12,10 Cash Cost of goods sold 9,100 31,700 Salary payable Sales revenue 900 75,80 Inventory Interest expense 7,900 Supplies Utilities expense 1,800 800 700

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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