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Jay Lewis decided to start his own rent-a-car business after graduation. Lewis's Rent-a-Car had the following ending balances after the first month of operations (November
Jay Lewis decided to start his own rent-a-car business after graduation. Lewis's Rent-a-Car had the following ending balances after the first month of operations (November 2019). Ending Balances - November 30, 2019 Accounts Payable Automobile Bank Loan Capital Invested in November Cash Interest Expense Lewis, Capital, November 1, 2019 Lewis, Withdrawals Maintenance Expense $800 $ 34,300 $ 17,200 $20,400 $8,300 $ 600 $0 $1,200 $ 800 Miscellaneous Expense Prepaid Insurance $ 600 $2,000 Salaries Expense $900 Service Revenue $9,700 Unearned Revenue $1,100 Utilities Expense $500 Required a) Identify which items will appear on which statement. For each statement, enter the items in alphabetical order. Income Statement = = = = Statement of Owner's Equity Balance Sheet b) Calculate the following values Do not enter dollar signs or commas in the input boxes. Use the negative sign for a net loss. Total Expenses: $ Net Income (Loss): $ Lewis, Capital, November 30, 2019: $ Total Assets: $ Total Liabilities: $ = = = Required a) Identify which items will appear on which statement. For each statement, enter the items in alphabetical order, Income Statement Accounts Payable Automobile Capital Invested in November Cash Interest Expense Lewis, Capital, November 1, 2019 Lewis, Withdrawals Maintenance Expense Miscellaneous Expense Bank Loan Prepaid Insurance Salaries Expense Service Revenue Unearned Revenue Utilities Expense Total Expenses: $ Net Income (Loss): $ Statement of Owner's Equity Balance Sheet the input boxes. Required a) Identify which items will appear on which statement. For each statement, enter the items in alphabetical order. Statement of Owner's Equity Income Statement = Balance Sheet = Accounts Payable Automobile = b) Calculate the following values Do not enter dollar signs or commas in the input boxes, Use the negative sign for a net loss. Total Expenses: $ Capital Invested in November Cash Interest Expense Lewis, Capital, November 1, 2019 Lewis, Withdrawals Maintenance Expense Miscellaneous Expense Bank Loan Prepaid Insurance Salaries Expense Service Revenue Unearned Revenue Utilities Expense a) Identify which items will appear on which statement. For each statement, enter the items in alphabetical order. Income Statement Statement of Owner's Equity Balance Sheet = = Accounts Payable Automobile Capital Invested in November Cash = = Interest Expense Lewis, Capital, November 1, 2019 = Lewis, Withdrawals Maintenance Expense Miscellaneous Expense b) Calculate the following values Do not enter dollar signs or commas in Use the negative sign for a net loss. Total Expenses: $ Net Income (Loss): $ Lewis, Capital, November 30, 2019: $ Bank Loan Prepaid Insurance Salaries Expense Service Revenue Unearned Revenue Utilities Expense
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