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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 (January
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 (January 2019). Ending Balances - January 31, 2019 Accounts Payable $ 500 Automobile $ 35,200 Bank Loan $ 19,000 Capital Invested in January $ 20,300 Cash $9,000 Interest Expense 5 700 Fuerth, Capital, January 1, 2019 $0 Fuerth, Withdrawals $ 900 Maintenance Expense $ 800 Miscellaneous Expense $ 500 Prepaid Insurance $ 1,600 Salaries Expense $ 1.000 Service Revenue $ 8.700 Unearned Revenue $ 1,800 Utilities Expense $ 600 Required Prepare the income statement, statement of owner's equity, and balance sheet 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 . Expenses . . . e Total Expenses Total Expenses Net Income (Loss) Statement of Owner's Equity Fuerth, Capital, January 1, 2019 Add Capital Invested in January Net Income (Loss) Less Fuerth, Withdrawals Fuerth, Capital, January 31, 2019 Balance Sheet . Assets Liabilities Cash Accounts Payable Prepaid Insurance Unearned Revenue Automobile Bank Loan Total Liabilities Owner's Equity Fuerth, Capital, January 31, 2019 Total Assets Total Liabilities and Owner's Equity
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