Lyryx software Rama.

Adam Uppe started Ludwig Inc. on June 1, 2014. The adjusted trial balance shown below has been prepared for Ludwig Inc. as of June 30, 2014. Use this information to prepare the income statement and statement of changes in equity for the month ended June 30 along with the June 30 balance sheet. Ludwig Inc Trial Balance June 30, 2014 Unadjusted Trial Adjusted Trial Balance Dr. Cr. Balance Adjustments Dr Cr. Account Dr. Cr. 350 4,880 3,550 5,660 2,460 14,300 3,830 4,880 3,900 5,660 450 - 2,010 14.300 3,830 160 0 220 9,090 5,080 4,160 11,140 160 9,090 5,300 3,690 11,140 470 Cash Rent receivable Notes receivable Prepaid insurance Investment in bonds Equipment Accumulated depreciation, equipment Accounts payable Property taxes payable Unearned consulting revenue Share capital Dividends Retained earnings Consulting revenue earned Commissions eamed Rent earned Depreciation expense, equipment Interest expense Insurance expense Advertising expense Property taxes expense Totals 2,280 2,280 0 0 470 4,530 10,460 8,960 5,000 10,460 9,310 350 0 160 160 450 2,590 2,130 7,960 3,780 53,420 53,420 2,590 2,580 7,960 4,000 54,150 54,150 220 1,650 1,650 (select one) Income Statement (select one) Balance Sheet (select one) (select one) X X (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity 71 X X X