Financial Accounting Homework - Journal Entries, Income Statement

This document presents a comprehensive solution to an accounting homework assignment. Part A provides journal entries for October, detailing transactions with debits and credits. Part B includes journal entries for various transactions, such as sales, equipment purchases, rent expenses, and capital investments. Part C covers the preparation of an income statement and the analysis of financial data, including total withdrawals, net income, total revenue, and total expenses for the year ended December 31st. The solution demonstrates the application of accounting principles in recording and summarizing financial transactions, offering a valuable resource for students studying accounting.