2. Prepare an income statement for , a statement of owner's equity for , and a balance sheet as of 30, . Start by preparing the income statement. (Abbreviations used: Acc. = Accumulated, Dep. = Depreciation.) View the worksheet you prepared above.LOADING... Derek's Repair Service Income Statement For Month Ended September 30, 202X

2. Prepare an income statement for

September,

a statement of owner's equity for

September,

and a balance sheet as of

September

30,

202X.

Start by preparing the income statement. (Abbreviations used: Acc. = Accumulated, Dep. = Depreciation.)

View the worksheet you prepared above.

LOADING...

	Derek's Repair Service
	Income Statement
	For Month Ended September 30, 202X

	Revenue:
	Operating Expense:
	Total Operating Expenses
	Net income

Part 3

Prepare a statement of owner's equity for

September.

(There were no new investments from the owner during the accounting period.)

View the worksheet you prepared above.

LOADING...

	Derek's Repair Service
	Statement of Owner's Equity
	For Month Ended September 30, 202X

Part 4

Prepare the balance sheet. Complete the asset portion of the statement, and then complete the liabilities and owner's equity sections of the statement. (Abbreviations used: Acc. = Accumulated, Dep. = Depreciation. For the asset portion of the statement, select the

long-term

asset account(s) last.)

View the worksheet you prepared above.

LOADING...

	Derek's Repair Service
	Balance Sheet
	September 30, 202X

	Assets
	Less:
	Total assets

Liabilities and Owner's Equity
Liabilities
Total liabilities
Owner's Equity
Total liabilities and owner's equity