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Question 2 Quiz navigation Dillon Debrone decided to start his own rent-a-car business after graduation. Debrone's Rent-a-car had the following ending balances Not yet after the first month of operations (January 2019). answered Marked out of Ending Balances - January 31, 2019 25.00 Accounts Payable $ 500 Flag Automobile $ 36,000 question Bank Loan $ 18,700 Capital Invested in January $ 20,600 Cash $ 9,800 Interest Expense $ 600 Debrone, Capital, January 1, 2019 $ 0 Debrone, Withdrawals $ 1,100 Maintenance Expense $ 800 Miscellaneous Expense $ 500 Prepaid Insurance $ 1,900 Salaries Expense $ 1,000 Service Revenue $ 7,100 Unearned Revenue $ 5,500 Utilities Expense $ 700 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. Contact us! Income StatementThe following information pertains to Thom Sell's personal financial transactions. QpeA'ng Balances - June 1% Cash $14,600 Contents of Home $1,100 Automobile $17,400 House $160,000 Unpaid Accounts $5,800 Bank Loan $75,800 Transactions for the month of June 2019. Paid maintenance for the month of June with $300 cash. Purchased new furniture worth $1,600 with cash. Paid credit card liability of $5,070. Paid for travel for June with $900 cash. Purchased $2,000 of groceries and goods for personal consumption with cash. 9791.592? Deposited $5,500 salary earned during the month. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a deficit. The T-Account fields are labeled by transaction number. Record each transaction by entering the value into the correspondingl Account field. Required a) Using the information provided, record the opening balances in the T-accounts. b) Record the transactions for the month of June in the T-accounts. Personal Balance Sheet As at June 30, 2019 Assets Liabilities Personal Balance Sheet As at June 30, 2019 Assets Liabilities Cash Unpaid Accounts #1 #1 # 2 # 2 # 3 # 3 # 4 # 4 # 5 # 5 # 6 # 6 Ending: $ Ending: $ Ending: $ Ending: $ Contents of Home Bank Loan #1 #1 # 2 # 2 # 3 # 3 # 4 # 4 # 5 # 5 #6 #6 Contents of Home Bank Loan Opening: $ Opening: $ Opening: $ Opening: $ #1 #1 #2 #2 #3 #3 #4 #4 #5 #5 #6 #6 Ending: $ Ending: $ Ending: $ Ending: $ Automobile #2 #3 #4 #5 #6 Ending: 35 Ending: $ llI House Net Worth #1 #1 # 2 # 2 # 3 # 3 # 4 # 4 # 5 # 5 # 6 # 6 Ending: $ Ending: $ Ending: $ Ending: $ Total Assets $ Total Liabilities $ Net Worth $ Personal Income Statement For the Month Ended June 30, 2019 Revenue Personal Income Statement For the Month Ended June 30, 2019 Revenue #2 #3 #4 #5 #6 Ending: $ Ending: $ Entertainment Food #2 #2 #3 #3 #4 #4 #5 #5 #6 #6 Ending: 8; Ending: 8; Ending: $ Ending: $ Maintenance Travel # 1 # 1 # 2 2 # 3 3 # 4 # 4 # 5 # 5 # 6 # 6 Ending: $ Ending: $ Ending: $ Ending: $ Total Revenue Total Expenses Surplus (Deficit)