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The partial worksheet for the Lorado Insurance Agency for the month ended October 31, 20x1, is shown below. The owner made no additional investments during
The partial worksheet for the Lorado Insurance Agency for the month ended October 31, 20x1, is shown below. The owner made no additional investments during the month. Income Statement Debit Credit Account Name 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 Balance Sheet Debit Credit 9,000 11,000 5,500 30,000 8,000 9,000 32,000 2,000 23,300 12,200 1,000 600 1.000 14,800 8,500 23,300 23.300 57,500 49,000 8,500 23,300 57.500 57.500 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, 20X1. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Income Statement Owners Equity Balance Sheet Prepare an income statement for the Lorado Insurance Agency for the month ended October 31, 20x1. LORADO INSURANCE AGENCY Income Statement Month Ended October 31, 20X1 Revenue Expenses Total expenses Income statement Owners Equity> Complete this question by entering your answers in the tabs below. Income Statement Owners Equity Balance Sheet Prepare a statement of owner's equity for the Lorado Insurance Agency for the month ended October 31, 20x1. LORADO INSURANCE AGENCY Statement of Owner's Equity Month Ended October 31, 20X1 income Statement Owners Equity Balance Sheet Prepare a balance sheet for the Lorado Insurance Agency as of October 31, 20X1. (Be sure to list the accounts in order of their liquidity.) LORADO INSURANCE AGENCY Balance Sheet October 31, 20X1 Assets Total Assets Liabilities and Owner's Equity Liabilities Owner's Equity Total Liabilities and Owner's Equity Next
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