From the trial balance of Grade Lantz, Attorney-at-Law, prepare

(a) an income from the statement for the month of May,

(b) a statement of owner’s equity for the month ended May 31, and

(c) a balance sheet as of May 31,200X. LO.1

Transcribed Image Text:

Cash Accounts Receivable Office Equipment Accounts Payable Salaries Payable G. Lantz, Capital G. Lantz, Withdrawals GRACIE LANTZ, ATTORNEY-AT-LAW TRIAL BALANCE MAY 31, 200X Revenue from Legal Fees Utilities Expense Rent Expense Salaries Expense Totals Debit Credit 600000 240000 240000 20000 60000 400000 200000 880000 10000 30000 40000 13 60000 1360000