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On December 31, 2019, the ledger of Lopez Company contained the following account balances: Cash...

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Accounting

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On December 31, 2019, the ledger of Lopez Company contained the following account balances: Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Maria Lopez, Capital $ 66,000 Maria Lopez, Drawing $ 52,000 5,800 Fees Income 107,500 4,200 Depreciation Expense 5,500 52,000 Salaries Expense 34,000 5,000 Supplies Expense 6,000 6,000 Telephone Expense 5,200 121,500 Utilities Expense 9, 300 On December 31, 2019, the ledger of Lopez Company contained the following account balances: Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Maria Lopez, Capital $ 66,000 Maria Lopez, Drawing $ 52,000 5,800 Fees Income 107,500 4,200 Depreciation Expense 5,500 52,000 Salaries Expense 34,000 5,000 Supplies Expense 6,000 6,000 Telephone Expense 5,200 121,500 Utilities Expense 9, 300

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