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Guy McKinley started the McKinley Charter Service at the beginning of August 2019. On August 31, 2019, the accounting records of the business showed the

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Guy McKinley started the McKinley Charter Service at the beginning of August 2019. On August 31, 2019, the accounting records of the business showed the following information Equipment Accounts Receivable Fees Income Boats Gasoline Expense Loans Payable Owners Withdrawal 6,100 7,200 12,000 1,800 4,800 50,000 7,800 $24,000 Rent Expense 2,400 Cash 33,000 Salaries Expense 102,000 Utilities Expense 8,800 Supplies 81,500 Initial Investment 3,200 Accounts Payable Prepare an income statement and a statement of owner's equity for the month and a balance sheet as of August 31, 2019 Complete this question by entering your answers in the tabs below Income Stmt of Owners Egty Balance Sheet Prepare a statement of owner's equity for the month of August 31, 2019 MCKINLEY CHARTER SERVICE Statement of Owner's Equity Month Ended August 31, 2019

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