Financial Accounting 7th Canadian Edition by Walter Harrison Test bank

Advertising expense                   3,600                                      Salary expense                                      12,100

Cash                                              9,100                       Salary payable                                                          900

Cost of goods sold                     31,700                                        Sales revenue                                      75,800

Inventory                                     7,900                                  Supplies 1,800

Interest expense                             800                    Utilities expense 700

Answer:                       Keykin Inc.

                                  Income Statement

               For the Year Ended September 30, 2017

Revenues:

                                        Sales revenue                                $75,800

Expenses:

                               Cost of goods sold               $31,700

                                        Rent expense                 10,200

                                      Salary expense                 12,100