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101 Cash $4,325.00 104 Accounts Receivable 6,000.00 126 Supplies 4,200.00 140 Notes receivable 22,000.00 160 Equipment 78,000.00 161 Accumulated depreciation, equipment $40,000.00 170 Building 260,000.00

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101 Cash $4,325.00 104 Accounts Receivable 6,000.00 126 Supplies 4,200.00 140 Notes receivable 22,000.00 160 Equipment 78,000.00 161 Accumulated depreciation, equipment $40,000.00 170 Building 260,000.00 171 Accumulated depreciation, building 150,000.00 180 Land 96,000.00 201 Accounts payable 31,000.00 203 Bank loan payable 65,000.00 206 Interest payable 3,000.00 233 Unearned revenue 12,000.00 301 Lisa Lloyd, Capital 132,000.00 305 Lisa Lloyd, Withdrawals 15,000.00 401 Design revenue 192,000.00 403 Interest income 125.00 606 Depreciation expense, equipment 8,000.00 612 Depreciation expense, building 20,000.00 623 Wages expense 64,000.00 633 Interest expense 5,200.00 937 Insurance expense 18,000.00 652 Supplies expense 12,800.00 688 Telephone expense 4,400.00 690 Utilities expense 7,200.00 901 Income Summary $625,125.00 $625, 125.00 1. Prepare Income Statement for year ended June 30, 2020. 2. Prepare Statement of Changes in Equity for year ended June 30, 2020 - NOTE that no investments were made by the owner for the current year. 3. Prepare Classified Balance Sheet as at June 30, 2020. 4. Journalize Closing entries for the June 30, 2020 ( do not post)

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