Lucas Enterprises for the year ended 31-Mar make the following adjustments: a) company used up its final month of rent it had prepaid. Recognize $800 of prepaid rent as an expense b) record $750 more depreciation expense on the building c) a telephone bill for $350 was misplaced during the month & just found, and needs to be paid early next month. d) customer pays a deposit of $250 for work to be completed next month. e) the company made a last minute payment to a supplier $600 to settle outstanding account f) make the appropriate financial statements Trial balance Adjustments Adj trial balance Income statement Balance sheet Income statement OR CR Balance sheet DR CR DR CR DR CR DR CR Lucas Enterprises Cash Lucas Enterprises 300 31-Mar 31-Mar A/R 1200 prepaid rent 800 supplies 1200 | land 30000 building 75000 acc depr - building 15000 Vehicle 25000 acc. depreciation -vehicle 1000 A/P 11000 Unearned revenue mortgage payable 50000 TOTAL ASSETS Capital 20200 drawings 2000 revenue 60000 salaries exp 6000 total liabilities utilities exp 3000 Lucas Enterprises Interest exp statement of Owners equity Capital depreciation expense 31-Mar rent expense telephone expense Total Liabilities + OE Insurance expense TOTAL 157200 157200 NET INCOME