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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
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 $26,466 Rent Expense $ 6,666 Accounts Receivable 1,?66 Cash T,966 Fees Income 36,666 Salaries Expense 12,766 Boats 66,566 Utilities Expense 1,456 Gasoline Expense 6,566 Supplies 5,566 Loans Payable T9,666 Initial Investment 46,566 Owners' Withdrawal 5,366 Accounts Payable 6,256 Prepare an income statement and a statement of owner's equity,r for the month and a balance sheet as ofAugust 31, 2019
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