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Take me to the text Monster Planes provides sight-seeing tours in vintage biplanes. The company is owned by Charlie Day. The closing balances at

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Take me to the text Monster Planes provides sight-seeing tours in vintage biplanes. The company is owned by Charlie Day. The closing balances at the end of October 2021 and the chart of accounts is shown below. Monster Planes Balance Sheet As at October 31, 2021 Assets Cash Liabilities $8,000 Accounts Payable $8,200 Accounts Receivable $6,600 Unearned Revenue $4,000 Prepaid Insurance Equipment $2,000 Bank Loan: $21,700 $39,200 Total Liabilities i $33,900 Owners' Equity Day, Capital $21,900 Total Liabilities & Owners' Total Assets $55,800 $55,800 Equity

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