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prepare for the income statement, owners equity statement and balance sheet REQUIRED: Prepare the Income Statement, Statement Of and Balance Sheet D. The following is

prepare for the income statement, owners equity statement and balance sheet

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REQUIRED: Prepare the Income Statement, Statement Of and Balance Sheet D. The following is the adjusted trial balance of LENMAR Service Company for the P 120,000 fiscal year ending May 31 200B 75,000 P 40,860 Mortgage Payable 20,000 Cash 4,000 M. Lanza Capital Note Receivable 204,500 57,880 M Lanza Drawing Accounts Receivable 22,000 Allow. for Impairment Loss 3,280 Service Income 40 Prepaid Advertising 10,000 Rental Income Unexpired Insurance 6,000 Interest Income 1 14,600 Supplies Inventory 1,260 Salaries Expense 30,000 Interest Receivable 40 Rent Expense 8,250 Furniture & Fixtures 36,800 Utilities Expense 4,160 Accum. Dep'n. - Furn. & Fixt. 1,840 Supplies Expense 40,000 Office Equipment 50,000 Advertising Expense 24,000 Accum. Dep'n.- Office Eqpmt. 2,500 Insurance Expense Note Payable (short-term) 2,000 Taxes & Licenses 12,000 Accounts Payable 24,250 Interest Expense 200 Utilities Payable 4,250 Impairment Loss 280 Interest Payable 10 Depreciation - Furn. & Fixt. 840 Unearned Rental 2,000 Depreciation - Office Eqpmt. 500

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