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Dillon Debrone decided to start his own rent-a-car business after graduation. Debrone's Rent-a-Car had the following ending balances after the first month of operations (January
Dillon Debrone decided to start his own rent-a-car business after graduation. Debrone's Rent-a-Car had the following ending balances after the first month of operations (January 2019) Ending Balances - January 31, 2019 Accounts Payable $ 500 Automobile $ 36,000 Bank Loan $ 18,700 Capital Invested in January $ 20,600 Cash $ 9,800 Interest Expense $ 600 Debrone, Capital, January 1, 2019 $0 Debrone, Withdrawals $ 1,100 Maintenance Expense $ 800 Miscellaneous Expense $ 500 Prepaid Insurance $1,900 Salaries Expense $1,000 Service Revenue $ 7,100 Unearned Revenue $ 5,500 Utilities Expense $ 700 Required Prepare the income statement, statement of owner's equity, and balance sheet. Do not enter dollar signs or commas in the input boxes. Do not use negative signs Enter the expenses in alphabetical order on the income statement. Select the proper order for the headings of the financial statements. Income Statement Revenue . Total Expenses Net Income (Loss) Statement of Owner's Equity Debrone, Capital, January 1, 2019 Add Capital Invested in January Net Income (Loss) Less Debrone, Withdrawals Debrone, Capital, January 31, 2019 > Balance Sheet > Assets Liabilities Cash Accounts Payable Prepaid Insurance Unearned Revenue Automobile Bank Loan Total Liabilities Owner's Equity Debrone, Capital, January 31, 2019 Total Assets Total Liabilities and Owner's Equity
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