Reference no: EM132497479
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 (May 2018).
Ending Balances - May 31, 2018
Accounts Payable $ 600
Automobile $ 35,700
Capital Invested in May $ 19,300
Cash $ 9,300
Interest Expense $ 600
Fuerth, Capital, May 1, 2018 $ 0
Fuerth, Withdrawals $ 1,000
Maintenance Expense $ 700
Miscellaneous Expense $ 500
Notes Payable $ 17,700
Prepaid Insurance $ 1,800
Salaries Expense $ 1,100
Service Revenue $ 8,800
Unearned Revenue $ 5,100
Utilities Expense $ 800
Required
Question 1: 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.
Question 2: Enter the expenses in alphabetical order on the income statement.
Question 3: Select the proper order for the headings of the financial statements.
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