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BonitaRussell opened Total Care Services on May 1, 2021. Prepare an income statement, statement of owner's equity and a balance sheet for Total Care Services
BonitaRussell opened Total Care Services on May 1, 2021. Prepare an income statement, statement of owner's equity and a balance sheet for Total Care Services for the month ended, May 31, 2021, using the following accounts in the first month of operations:
Cash$1,594Accounts Receivable$1,598Supplies$329Vehicles$2,820Equipment$2,162Accounts Payable$658B. Russell,Capital$5,452B. Russell, Drawings$940Service Revenue$3,478Fuel Expense$102Telephone Expense$43
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