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Dave Mans decided to start his own small bus tour business, called Cascade Tours. He had the following ending balances after the first month of
Dave Mans decided to start his own small bus tour business, called Cascade Tours. He had the following ending balances after the first month of operations (September 2021). Ending Balances - September 30, 2021 Accounts Payable $ 600 Cash Bus Bank Loan Capital Invested in September Interest Expense Mans, Capital, September 1, 2021 Mans, Withdrawals $ 34,800 $17,900 $ 19,700 $ 9,500 $ 700 $ 0 $ 900 Maintenance Expense $ 800 Miscellaneous Expense $ 800 Prepaid Insurance Salaries & Wages Expense $2,000 $ 800 Service Revenue $ 8,700 Unearned Revenue Utilities Expense $ 4,000 $ 600 Assets Cash Prepaid Insurance Liabilities Accounts Payable Unearned Revenue Bus Bank Loan Total Liabilities Owner's Equity Mans, Capital, September 30, 2021| Total Assets Total Liabilities and Owner's Equity Mans, Capital, September 1, 2021 Add Capital Invested in September Net Income (Loss) Less Mans, Withdrawals Mans, Capital, September 30, 2021
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