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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 $ 18,000 2,600 30,000 103,000 7,500 77,500 4,100 Rent Expense Cash Salaries Expense Utilities Expense Supplies Initial Investment Accounts Payable $ 4,800 6,200 10,800 1,900 3,600 51,000 4,000 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 Statement Owners Eqty 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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