PROBLEM: Demas Bus Charter Service Company in Queens, New York started operations tions on August 1, 2012, the start of its fiscal year. On August 31, 2012, the accounting records of the business showed the following information: Equipment Accounts Receivable Service Revenue Ford Minivan Gasoline Expense Note Payable Utilities Expense Accounts Payable Demas, Drawing/Withdrawals Rent Expense Interest t Payable Cash Salary Expense Demas, Capital Supplies THE ACCOUNTS ARE NOT IN ANY ORDER. $17,000 2,600 28,000 103,000 6,500 40, 000 1,900 77,500 4,100 4,500 2, 300 5,000 1,900 51,000 2,300 PROBLEM: Demas Bus Charter Service Company in Queens, New York started operations tions on August 1, 2012, the start of its fiscal year. On August 31, 2012, the accounting records of the business showed the following information: Equipment Accounts Receivable Service Revenue Ford Minivan Gasoline Expense Note Payable Utilities Expense Accounts Payable Demas, Drawing/Withdrawals Rent Expense Interest t Payable Cash Salary Expense Demas, Capital Supplies THE ACCOUNTS ARE NOT IN ANY ORDER. $17,000 2,600 28,000 103,000 6,500 40, 000 1,900 77,500 4,100 4,500 2, 300 5,000 1,900 51,000 2,300