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Below is the year-end adjusted trial balance for Lucie Accounting. Lucie Accounting Trial Balance For Year Ended December 31, 2020 Account Debit Credit Cash $8,000
Below is the year-end adjusted trial balance for Lucie Accounting. Lucie Accounting Trial Balance For Year Ended December 31, 2020 Account Debit Credit Cash $8,000 2,200 Accounts receivable 700 Office supplies 1,100 Prepaid insurance Long term note receivable 3,00 Land 50,000 15,000 Equipment Accumulated depreciation Equipment $1,200 150,000 Building Accumulated depreciation Building 1,500 7,000 Salaries payable Lucie Majeau, capital** 10,000 5,000 211,400 Lucie Majeau, withdrawals Accounting fees earned Depreciation expense, Building Depreciation expense, Equipment 500 600 Insurance expense 100 Rent expense 1,100 900 Office supplies expense Repairs expense Telephone expense 5,000 1,000 Totals $245,100 $245,100 "The current portion of the note payable due this year is $3,000 **$5,000 was invested during the year Instruction: Using the above information, prepare an Income statement, Owner's equity statement and a balance sheet. 15,000 $1,200 Equipment Accumulated depreciation, Equipment Building Accumulated depreciation, Building 150,000 1,500 900 Customer list 11,000 3,000 7,000 10,000 Notes payable* Unearned accounting fees earned Salaries payable Lucie Majeau, capital** Lucie Majeau, withdrawals Accounting fees earned Depreciation expense, Building Depreciation expense, Equipment 5,000 211,400 500 600 Insurance expense 100 1,100 Rent expense Office supplies expense Repairs expense 900 5,000
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