Lyric Logan began Lyric Logan Legal Services on August 1st and had the following transactions:

Record the transactions in the journal, post them to the ledger, prepare a trial balance, prepare adjusting journal entries, post them to the ledger, prepare an adjusted trial balance, an income statement, an owners equity statement, and a balance sheet.

8-1: Lyric Logan contributed $200,000 cash to Logan Lyrics Legal Services, LLLS. 8-1: LLLS purchase supplies for cash of $15,000

8-1: LLLS signed a lease and paid $100,000 cash. The term of the lease is four months beginning on August 1st.

8-2: LLLS purchased office furniture on account $40,000.

8-3: LLLs prepared and delivered legal documents for Macys and billed them $200,000

8-5: Lyric Logan took a $50,000, cash withdrawal from LLLS.

8-10: LLLS paid the accounts payable from August 2nd, $40,000, cash.

8-15: LLLS received a cash advance of $100,000, from Walmart for legal services to be provided in the future.

8-16: Macys paid the Accounts Receivable from August 3rd, $200,000 cash. Information for Adjustments:

• Depreciation expense $1,000

• Unused supplies as of August 31st, $5,000.

• Rent expense for August is $25,000

• Salaries earned but not paid in August $20,000

• LLLS provided Walmart with $70,000, worth of legal services during August.

• LLLS received plumbing services in the amount of $20,000, from Ace Plumbing. This amount has not been recorded as of August 31st

• LLLS provided legal services for Target during August. This amount has not been recorded as of August 31st.