From the trial balance of Girtie Lillis, Attorney-at-Law given in Figure 2.7 on page 62, prepare

(a) An income statement for the month of May,

(b) A statement of owner's equity for the month ended May 31,

(c) A balance sheet at May 31, 201X.

Transcribed Image Text:

GIRTIE LILLIS, ATTORNEY-AT-LAW TRIAL BALANCE MAY 31, 201X Account De bit 4 0000 1400 0 100 0 0 Credit Cash Accounts Receivable Office Equipment Accounts Payable Salaries Payable G. Lillis, Capital G. Lillis, Withdrawals Revenue from Legal Fees Utilities Expense Rent Expense Salaries Expense 290 00o 103 00 0 272 00o 800 0 0 180 0 0 2 50 0 0 Totals 845000 8450o 0