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Coronado Russell opened Total Care Services on May 1, 2024, Prepare an income statement, statement of owner's equity and a balance sheet for Total
Coronado Russell opened Total Care Services on May 1, 2024, Prepare an income statement, statement of owner's equity and a balance sheet for Total Care Services for the month ended, May 31, 2024, using the following accounts in the first month of operations Cash $1.390 Accounts Receivable $1.394 Supplies $287 Vehicles $2.460 Equipment $1,886 Accounts Payable $574 C. Russell. Capital $4.7561 C. Russell, Drawings $820 Service Revenue $3,034 Fuel Expense $90 Telephone Expense 537 The owners capital at the beginning of the year was 50 because this is a new entity. The owner made an investment of $4756 during the year.
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