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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 Accounts Receivable Fees Income Boats Gasoline Expense Loans Payable Owners' Withdrawal $ 18,400 Rent Expense 2,100 Cash 36,000 Salaries Expense 100,500 Utilities Expense 9,100 Supplies 79,000 Initial Investment 5,100 Accounts Payable $ 6,400 7,500 12,300 1,650 5,100 48,500 4,650 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 Statement Stmt of Owners Eqty Balance Sheet Prepare an income statement for the month of August 31, 2019. MCKINLEY CHARTER SERVICE Income Statement Month Ended August 31, 2019 Revenue: Expenses: Total expenses
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