Jay Fuerth decided to start his own rent-a-car business after graduation. Fuerth's Rent-a-Car had the following ending balances after the first month of operations (May 2018).

Ending Balances - May 31, 2018
Accounts Payable	$ 600
Automobile	$ 35,700
Capital Invested in May	$ 19,300
Cash	$ 9,300
Interest Expense	$ 600
Fuerth, Capital, May 1, 2018	$ 0
Fuerth, Withdrawals	$ 1,000
Maintenance Expense	$ 700
Miscellaneous Expense	$ 500
Notes Payable	$ 17,700
Prepaid Insurance	$ 1,800
Salaries Expense	$ 1,100
Service Revenue	$ 8,800
Unearned Revenue	$ 5,100
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 May 31, 2018For the Month Ended May 31, 2018Fuerth's Rent-a-Car
Income Statement
AnswerAs at May 31, 2018For the Month Ended May 31, 2018Fuerth's 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 May 31, 2018For the Month Ended May 31, 2018Fuerth's Rent-a-Car
Statement of Owner's Equity
AnswerAs at May 31, 2018For the Month Ended May 31, 2018Fuerth's Rent-a-Car
Fuerth, Capital, May 1, 2018		Answer
Add Capital Invested in May		Answer
Net Income (Loss)		Answer
Less Fuerth, Withdrawals		Answer
Fuerth, Capital, May 31, 2018		Answer

AnswerAs at May 31, 2018For the Month Ended May 31, 2018Fuerth's Rent-a-Car
Balance Sheet
AnswerAs at May 31, 2018For the Month Ended May 31, 2018Fuerth's Rent-a-Car
Assets		Liabilities
Cash	Answer	Accounts Payable	Answer
Prepaid Insurance	Answer	Unearned Revenue	Answer
Automobile	Answer	Notes Payable	Answer
		Total Liabilities	Answer
		Owner's Equity
		Fuerth, Capital, May 31, 2018	Answer
Total Assets	Answer	Total Liabilities and Owner's Equity	Answer