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You are required to provide : 1. Income statement for the year ended as in the trial balance. 2. Statement of owner's equity for the

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You are required to provide : 1. Income statement for the year ended as in the trial balance. 2. Statement of owner's equity for the year ended as in the trial balance. 3. Balance sheet for the year as in the trial balance. LEXINGTON INN Trial Balance December 31, 2008 Balance ACCOUNT TITLE Debit (RM) Credit (RM) Cash 12,200 Accounts receivable 14,100 Prepaid insurance 3,100 Supplies 800 Building 412.000 Furniture 26.000 Accumulated depreciation building 311,000 Accumulated depreciation-furniture 5,000 Accounts payable 2,000 Salary payable 800 Unearned service revenue 2,700 Paul Revere, capital 105,600 Paul Revere, withdrawals 2,900 Service revenue 60,800 Salary expense 2,100 Insurance expense 1,200 Depreciation expense-building 10,000 Depreciation expense-furniture 2.500 Advertising expense 800 Supplies expense 200 TOTAL 487,900 487,900

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