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SERIES B PROBLEMS ADJUSTMENTS AND WORK SHEET SHOWING NET INCOME Louie Long started a business called Louie's Lawn Service. The trial balance as of March 31, after the first month of operation, is as follows: Louie's Lawn Service Work Sheet For Month Ended March 31,20 RAL BALAE 1 Cash 2 Accounts Receivable 3 Supplies 4 Prepaid Insurance S Lawn Equipment 6 Acam.Depr.-Lawn Equipment 13 7 500 8 8 000 49 0 00 800 00 5 7 0 000 Accounts Payable 8 Wages Payable 9 Louie Long, Capital 10 Louie Long, Drawing 11 Lawn Service Fees 12 Wages Expense 13 Advertising Expense 14 Rent Expense 15 Supplies Expense 6 Phone Expense 11 Insurance Expense 18 Repair Expense 19 Depr. Expense-Lawn Equipment 2 Miscelaneous Expense 7 8 0 00 6 5 0000 61.0.0. 00 | 2 5 0 00 1 4 5 00 40 00 2 5 00 16 0 00 2 5 0 00 6 5 00 13 3 8000 13 3 8 0 00 (continued)