Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Below is the year-end adjusted trial balance for Lucie Accounting. (10 marks 3. Below is the year-end adjusted trial balance for Lucie Accounting. (10 marks
- Below is the year-end adjusted trial balance for Lucie Accounting. (10 marks
3. Below is the year-end adjusted trial balance for Lucie Accounting. (10 marks Lucie Accounting Trial Balance December 31, 2015 Account Dr. 13,000 Cr. Cash Accounts receivable Office supplies Prepaid insurance Long term note receivable Land Equipment Accumulated depreciation, Equipment Building Accumulated depreciation, Building Customer list Notes payable Unearned accounting fees Salaries payable Lucie Majeau, capital Lucie Majeau, withdrawals Accounting fees earned Depreciation expense, Building Depreciation expense, Equipment Insurance expense Rent expense Office supplies expense Repairs expense Telephone expense Totals 3,200 500 12,000 4,000 100,000 50,000 12.000 170,500 14,000 3,000 12.000 5.000 8,000 100,000 5,000 240,000 6,000 4,000 900 12,000 900 5,000 1,000 391.000 391,000 $ Prepare an income statement, statement of changes in equity and a classified balance sheet. This is Lucie's first year of operations
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started