Account Account Account Description Account Description ASSETS REVENUE Cash 101 Service Revenue 400 105 EXPENSES 500 515 110 Advertising Expense 120 Insurance Expense Interest Expense 200 Telephone expense 205 520 Accounts Receivable Prepaid insurance Equipment LIABILITIES Accounts Payable interest Payable Unearned Revenue Bank Loan OWNER'S EQUITY Nightman, Capital Nightman, Withdrawals 550 270 215 300 310 Take me to the text High Flying Biplane provides sight-seeing tours in vintage biplanes. The company is owned by Sky Nightman. The closin balances at the end of August 2019 and the chart of accounts is shown below. Assets Cash Accounts Receivable Prepaid Insurance Equipment High Flying Biplane Balance Sheet As at August 31, 2019 Liabilities $7,500 Accounts Payable $5,300 Unearned Revenue $2,000 Bank Loan $40,300 Total Liabilities Owners' Equity Nightman, Capital Total Liabilities & Owners 55500 Equity $8,700 $3,800 $19,700 $32,200 $22,900 $55,100 Total Assets Account Cash GL No. 101 Date Description PR DR CR Balance 2019 Sep 1 Opening Balance DR. Sep 3 DR = J1 DR Sep 10 . Sep 11 JE DR Sep 17 e Sep 19 Take me to the text High Flying Biplane provides sight-seeing tours in vintage biplanes. The company is owned by Sky Nightman. The closin balances at the end of August 2019 and the chart of accounts is shown below. Assets Cash Accounts Receivable Prepaid Insurance Equipment High Flying Biplane Balance Sheet As at August 31, 2019 Liabilities $7,500 Accounts Payable $5,300 Unearned Revenue $2,000 Bank Loan $40,300 Total Liabilities Owners' Equity Nightman, Capital Total Liabilities & Owners 55500 Equity $8,700 $3,800 $19,700 $32,200 $22,900 $55,100 Total Assets Account Account Account Description Account Description ASSETS REVENUE Cash 101 Service Revenue 400 105 EXPENSES 500 515 110 Advertising Expense 120 Insurance Expense Interest Expense 200 Telephone expense 205 520 Accounts Receivable Prepaid insurance Equipment LIABILITIES Accounts Payable interest Payable Unearned Revenue Bank Loan OWNER'S EQUITY Nightman, Capital Nightman, Withdrawals 550 270 215 300 310 Take me to the text High Flying Biplane provides sight-seeing tours in vintage biplanes. The company is owned by Sky Nightman. The closin balances at the end of August 2019 and the chart of accounts is shown below. Assets Cash Accounts Receivable Prepaid Insurance Equipment High Flying Biplane Balance Sheet As at August 31, 2019 Liabilities $7,500 Accounts Payable $5,300 Unearned Revenue $2,000 Bank Loan $40,300 Total Liabilities Owners' Equity Nightman, Capital Total Liabilities & Owners 55500 Equity $8,700 $3,800 $19,700 $32,200 $22,900 $55,100 Total Assets Account Cash GL No. 101 Date Description PR DR CR Balance 2019 Sep 1 Opening Balance DR. Sep 3 DR = J1 DR Sep 10 . Sep 11 JE DR Sep 17 e Sep 19 Take me to the text High Flying Biplane provides sight-seeing tours in vintage biplanes. The company is owned by Sky Nightman. The closin balances at the end of August 2019 and the chart of accounts is shown below. Assets Cash Accounts Receivable Prepaid Insurance Equipment High Flying Biplane Balance Sheet As at August 31, 2019 Liabilities $7,500 Accounts Payable $5,300 Unearned Revenue $2,000 Bank Loan $40,300 Total Liabilities Owners' Equity Nightman, Capital Total Liabilities & Owners 55500 Equity $8,700 $3,800 $19,700 $32,200 $22,900 $55,100 Total Assets
