Exam $1($i$)$

$26$

TB Problem Qu$.5-94($Algo$)$ The partial worksheet for the Lorado...

Help Save & Exit Submit

Paused

The partial worksheet for the Lorado Insurance Agency for the month ended October $31,20$X$1,$ is shown below. The owner made no additional investments during the month.

$01$:$08$:$40$

$\backslash$table$[[$Cash Account Name,$\backslash$table$[[$Income$],[$Debit$]],\backslash$table$[[$Statement$],[$Credit$]],\backslash$table$[[$Balance$],[$Debit$]],\backslash$table$[[$Sheet$],[$Credit$]]],[\backslash$table$[[$Cash$],[$Accounts receivable$],[$Supplies$],[$Equipment$],[$Accumulated depreciation$-$Equipment$],[$Accounts payable$],[$Ashleigh Lorado, Capital$],[$Ashleigh Lorado, Drawing$],[$Fees income$],[$Salaries expense$],[$Rent expense$],[$Supplies expense$],[$Depreciation expense$-$Equipment$],[$Totals$],[$Net income$]],,,10,000,],[,,13,000,],[,,6,500,],[,,32,000,],[,,,9,000],[,,,9,500],[,,3,000,37,000],[,28,300,,],[14,200,,,],[\backslash$table$[[2,000],[1,100]],,,],[2,000,,,],[\backslash$table$[[19,300],[9,000]],28,300,64,500,\backslash$table$[[55,500],[9,000]]],[28,300,28,300,64,500,64,500]]$

Prepare an income statement, a statement of owner's equity, and a balance sheet for the Lorado Insurance Agency for the month ended October $31,201.$

Complete this question by entering your answers in the tabs below.