From the trial balance of Grace Lantz, Barrister and Solicitor, of Winnipeg, prepare?

(a) An income statement for the month of May,?

(b) A statement of owner?s equity for the month ended May 31, and?

(c) A balance sheet as of May 31, 2019.

Transcribed Image Text:

GRACE LANTZ, Barrister and Solicitor TRIAL BALANCE MAY 31, 2019 Dr. Cr. Cash 500000 6 5 000 75000 Accounts Receivable Office Equipment 430000 Accounts Payable Salaries Payable 6 7500 127500 G. Lantz, Capital G. Lantz, Withdrawals 30000 235 000 Revenue from Legal Fees 30000 4 5 000 115000 Utilities Expense Rent Expense Salaries Expense 860000 Totals 860000