Question
The partial worksheet for the Lorado Insurance Agency for the month ended October 31, 2019, is shown below. The owner made no additional investments during
The partial worksheet for the Lorado Insurance Agency for the month ended October 31, 2019, is shown below. The owner made no additional investments during the month.
INCOME STATEMENT | BALANCE SHEET | |||||||
ACCOUNT NAME | DEBIT | CREDIT | DEBIT | CREDIT | ||||
Cash | 9,000 | |||||||
Accounts Receivable | 11,000 | |||||||
Supplies | 5,500 | |||||||
Equipment | 30,000 | |||||||
Accum. Depr.Equip. | 8,000 | |||||||
Accounts Payable | 9,000 | |||||||
Ashleigh Lorado, Capital | 32,000 | |||||||
Ashleigh Lorado, Drawing | 2,000 | |||||||
Fees Income | 23,300 | |||||||
Salaries Expense | 12,200 | |||||||
Rent Expense | 1,000 | |||||||
Supplies Expense | 600 | |||||||
Depr. Exp.Equip. | 1,000 | |||||||
Totals | 14,800 | 23,300 | 57,500 | 49,000 | ||||
Net Income | 8,500 | 8,500 | ||||||
23,300 | 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, 2019.
Income Statement
Owners Equity
Balance Sheet
Prepare an income statement for the Lorado Insurance Agency for the month ended October 31, 2019.
come Statement
Owners Equity
Balance Sheet
Prepare an income statement for the Lorado Insurance Agency for the month ended October 31, 2019.
Prepare a balance sheet for the Lorado Insurance Agency as of October 31, 2019. (Be sure to list the accounts in order of their liquidity.)
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Income Statement
Owners Equity
Balance Sheet
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