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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 $ 4,800 6,200 $ 18,000 2,600 Rent Expense Cash Equipment Accounts Receivable Salaries Expense Utilities Expense Fees Income 30,000 103,000 7,500 500 , 4,100 10,800 1,900 3,600 Boats Gasoline Expense Loans Payable Supplies Initial Investment Accounts Payable 51,000 4,000 Owners' Withdrawal 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. Stmt of Income Owners Eaty Balance Sheet Statement Prepare an income statement for the month of August 31, 2019. MCKINLEY CHARTER SERVICE Income Statement Month Ended August 31, 2019 Revenue: Fees income 25,000 Expenses: Supplies Gasoline expense Rent expense Salaries expense Utilities expense Total expenses 0 25,000 Stmt of Owners Eqty Income Statement
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