Question content area top

Part $1$

Consider the following worksheet for J$.$ Tanyon as of October $31,20$ XX$.$

View the completed worksheet.LOADING...

Read the requirements.LOADING...

Question content area bottom

Part $1$

Requirement a$.$ Prepare an income statement for October.

In this$$ step, select the labels for the heading.$$ Then, complete the income statement in the next step. $($If an input field is not used in the$$ statement, leave the input field$$ empty; do not select a label or enter a$$ zero.$)$

Part $2$

Revenue:

Operating Expenses:

Total Operating Expenses

Net Income

Part $3$

Requirement b$.$ Prepare a statement of$$ owner's equity for October.

In this$$ step, select the labels for the heading.$$ Then, complete the statement of$$ owner's equity in the following step.

Part $4$

Less:

Part $5$

Requirement c$.$ Prepare a balance sheet as of October $31,20$ XX$.$

$$Here$,$ select the labels for the heading.$$ Then, complete the asset portion of the balance$$ sheet, followed by the liabilities and$$ owner's equity sections. $($If an input field is not used in the$$ statement, leave the input field$$ empty; do not select a label or enter a$$ zero.$)$

$$

Part $6$

Assets

Liabilities

Total liabilities

Owner's Equity

Less:

Total assets

Total liabilities Required

From the completed worksheet, prepare the following:

a$.$ An income statement for October

b$.$ A statement of owner's equity for October

c$.$ A balance sheet as of October $31,20$XX Requirement a$.$ Prepare an income statement for October.

In this step, select the labels for the heading. Then, complete the income statement in the next step. $($If an input field is not used in the statement, leave the input

field empty; do not select a label or enter a zero.$)$

Revenue:

Operating Expenses:

$[$ Requirement b$.$ Prepare a statement of owner's equity for October.

In this step, select the labels for the heading. Then, complete the statement of owner's equity in the following step.

Less:Requirement c$.$ Prepare a balance sheet as of October $31,20$XX$.$

Here, select the labels for the heading. Then, complete the asset portion of the balance sheet, followed by the liabilities and owner's equity sections. $($If an

field is not used in the statement, leave the input field empty; do not select a label or enter a zero.$)$

Assets

Liabilities

Less:

Total liabilities

Owner's Equity

Total assets

Total liabilities and owner's equity and owner's equity