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S. Lyon, a speech therapist, opened a clinic in the name of Lyon Clinic. Her accountant prepared the following alphabetic list of accounts and balances
S. Lyon, a speech therapist, opened a clinic in the name of Lyon Clinic. Her accountant prepared the following alphabetic list of accounts and balances as of June 30, 20--: ACCOUNT NAME BALANCE Accounts Payable 3,135 Accounts Receivable 1,171 Cash 54,552 Miscellaneous Expense 780 Office Equipment 2,225 Office Furniture 1,950 Professional Fees 6,291 Rent Expense 1,035 S. Lyon, Capital 55,000 S. Lyon, Drawing 980 Salary Expense 1,210 Utilities Expense 523 All the above accounts have normal balances. Prepare an income statement for June 30, 20--. 54,552 Lyon Clinic Income Statement For Month Ended June 30, 20-- Revenue: Cash Expenses: Office Furniture Office Equipment Utilities Expense Miscellaneous Expense Total Expenses $ Prepare a statement of owner's equity for June 30, 20--. If an amount is zero, enter "0". Lyon Clinic Statement of Owner's Equity For Month Ended June 30, 20-- Subtotal $ Prepare a balance sheet as of June 30, 20--- Lyon Clinic Balance Sheet June 30, 20-- Assets $ Total Assets $ Liabilities $ Owner's Equity bo Total Liabilities and Owner's Equity
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