Edward Roberts decided to start his own rent-a-car business after graduation. Roberts' Rent-a-Car had the following ending balances after the first month of operations (October 2019).

Ending Balances - October 31, 2019
Accounts Payable	$ 500
Automobile	$ 35,800
Bank Loan	$ 17,200
Capital Invested in October	$ 20,500
Cash	$ 8,100
Interest Expense	$ 700
Roberts, Capital, October 1, 2019	$ 0
Roberts, Withdrawals	$ 1,100
Maintenance Expense	$ 600
Miscellaneous Expense	$ 800
Prepaid Insurance	$ 2,000
Salaries Expense	$ 1,000
Service Revenue	$ 7,400
Unearned Revenue	$ 5,300
Utilities Expense	$ 800

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.

AnswerAs at October 31, 2019For the Month Ended October 31, 2019Roberts' Rent-a-Car
Income Statement
AnswerAs at October 31, 2019For the Month Ended October 31, 2019Roberts' Rent-a-Car
Revenue
AnswerInterest ExpenseMaintenance ExpenseMiscellaneous ExpenseSalaries ExpenseService RevenueUtilities Expense		Answer
Expenses
AnswerInterest ExpenseMaintenance ExpenseMiscellaneous ExpenseSalaries ExpenseService RevenueUtilities Expense	Answer
AnswerInterest ExpenseMaintenance ExpenseMiscellaneous ExpenseSalaries ExpenseService RevenueUtilities Expense	Answer
AnswerInterest ExpenseMaintenance ExpenseMiscellaneous ExpenseSalaries ExpenseService RevenueUtilities Expense	Answer
AnswerInterest ExpenseMaintenance ExpenseMiscellaneous ExpenseSalaries ExpenseService RevenueUtilities Expense	Answer
AnswerInterest ExpenseMaintenance ExpenseMiscellaneous ExpenseSalaries ExpenseService RevenueUtilities Expense	Answer
Total Expenses		Answer
Net Income (Loss)		Answer

AnswerAs at October 31, 2019For the Month Ended October 31, 2019Roberts' Rent-a-Car
Statement of Owner's Equity
AnswerAs at October 31, 2019For the Month Ended October 31, 2019Roberts' Rent-a-Car
Roberts, Capital, October 1, 2019		Answer
Add Capital Invested in October		Answer
Net Income (Loss)		Answer
Less Roberts, Withdrawals		Answer
Roberts, Capital, October 31, 2019		Answer

AnswerAs at October 31, 2019For the Month Ended October 31, 2019Roberts' Rent-a-Car
Balance Sheet
AnswerAs at October 31, 2019For the Month Ended October 31, 2019Roberts' Rent-a-Car
Assets		Liabilities
Cash	Answer	Accounts Payable	Answer
Prepaid Insurance	Answer	Unearned Revenue	Answer
Automobile	Answer	Bank Loan	Answer
		Total Liabilities	Answer
		Owner's Equity
		Roberts, Capital, October 31, 2019	Answer
Total Assets	Answer	Total Liabilities and Owner's Equity	Answer