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Steve Mans decided to start his own small bus tour business, called Cascade Tours. He had the following ending balances after the first month of

Steve Mans decided to start his own small bus tour business, called Cascade Tours. He had the following ending balances after the first month of operations (September 2021).

Ending Balances - September 30, 2021
Accounts Payable $ 600
Bus $ 35,600
Bank Loan $ 17,600
Capital Invested in September $ 19,300
Cash $ 9,600
Interest Expense $ 700
Mans, Capital, September 1, 2021 $ 0
Mans, Withdrawals $ 1,000
Maintenance Expense $ 600
Miscellaneous Expense $ 800
Prepaid Insurance $ 1,800
Salaries & Wages Expense $ 900
Service Revenue $ 9,200
Unearned Revenue $ 5,100
Utilities Expense $ 800

Required

Prepare the income statement, statement of owner's equity, and balance sheet.

Do not enter dollar signs or commas in the input boxes.

Do not use negative signs.

Enter the expenses in alphabetical order on the income statement.

Select the proper order for the headings of the financial statements.

AnswerAs at September 30, 2021For the Month Ended September 30, 2021Cascade Tours
Income Statement
AnswerAs at September 30, 2021For the Month Ended September 30, 2021Cascade Tours
Revenue
AnswerInterest ExpenseMaintenance ExpenseMiscellaneous ExpenseSalaries & Wages ExpenseService RevenueUtilities Expense Answer
Expenses
AnswerInterest ExpenseMaintenance ExpenseMiscellaneous ExpenseSalaries & Wages ExpenseService RevenueUtilities Expense Answer
AnswerInterest ExpenseMaintenance ExpenseMiscellaneous ExpenseSalaries & Wages ExpenseService RevenueUtilities Expense Answer
AnswerInterest ExpenseMaintenance ExpenseMiscellaneous ExpenseSalaries & Wages ExpenseService RevenueUtilities Expense Answer
AnswerInterest ExpenseMaintenance ExpenseMiscellaneous ExpenseSalaries & Wages ExpenseService RevenueUtilities Expense Answer
AnswerInterest ExpenseMaintenance ExpenseMiscellaneous ExpenseSalaries & Wages ExpenseService RevenueUtilities Expense Answer
Total Expenses Answer
Net Income (Loss) Answer

AnswerAs at September 30, 2021For the Month Ended September 30, 2021Cascade Tours
Statement of Owner's Equity
AnswerAs at September 30, 2021For the Month Ended September 30, 2021Cascade Tours
Mans, Capital, September 1, 2021 Answer
Add Capital Invested in September Answer
Net Income (Loss) Answer
Less Mans, Withdrawals Answer
Mans, Capital, September 30, 2021 Answer

AnswerAs at September 30, 2021For the Month Ended September 30, 2021Cascade Tours
Balance Sheet
AnswerAs at September 30, 2021For the Month Ended September 30, 2021Cascade Tours
Assets Liabilities
Cash Answer Accounts Payable Answer
Prepaid Insurance Answer Unearned Revenue Answer
Bus Answer Bank Loan Answer
Total Liabilities Answer
Owner's Equity
Mans, Capital, September 30, 2021 Answer
Total Assets Answer Total Liabilities and Owner's Equity Answer

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