Question: S: SET B : P2B-4 (PG 61) (5pts) 2B-4. From the trial balance of Gail Lantz, Attorney-at-Law, given in Figure 2.8, prepare (a) an income
S: SET B : P2B-4 (PG 61) (5pts) 2B-4. From the trial balance of Gail Lantz, Attorney-at-Law, given in Figure 2.8, prepare (a) an income statement for the month of July, (b) a statement of owner's equity for the month ended July 31, and (c) a balance sheet at July 31, 201X. GAIL LANTZ, ATTORNEY-AT-LAW TRIAL BALANCE JULY 31, 201X Account Dr. Cr. Cash 50 0 0 0 0 Accounts Receivable 7 50 0 0 Office Equipment 2 70 0 0 0 Accounts Payable 30 0 0 0 0 Salaries Payable 10 0 0 0 0 G. Lantz, Capital 4 70 0 0 0 G. Lantz, Withdrawals 1 10 0 0 0 Revenue from Legal Fees 16 0 090 Utilities Expense 10 0 0 0 Rent Expense 450 0 0 Salaries Expense 20 0 0 0 Totals 10 30 0 0 0 10 30 0 0 0
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