The ledger of Lazdowski Marketing Services has the following account balances at the company's year end, October 31, 2014:

Instructions
(a) Prepare a trial balance, with the accounts arranged in ledger (financial statement) order, as illustrated in the chapter, and determine the missing amount for fees earned.
(b) Prepare an income statement, statement of owner's equity, and balance sheet.
TAKING IT FURTHER The owner, Inga Lazdowski, is not sure how much cash she can withdraw from the company each year. After reviewing the financial statements, comment on the amount she withdrew this year.

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Accounts payable Accounts receivable Advertising expense S 4,430 6,010 14,970 4,930 25,970 Insurance expense Interest expense Notes payable Prepaid rent 2,020 2,445 48,850 975 11,700 20,545 1,240 5,000 3,555 expense Fees earned Furniture I. Lazdowski, capital I. Lazdowski, drawings 56,685 57,410 75,775 Salaries expense Supplies Supplies expense Unearned revenue