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Take me to the text Steve James decided to start his own small bus tour business, called Cascade Tours. He had the following ending balances
Take me to the text Steve James decided to start his own small bus tour business, called Cascade Tours. He had the following ending balances after the first month of operations (May 2021). Ending Balances - May 31, 2021 Accounts Payable Bus $ 800 $ 35,700 Bank Loan $ 18,800 Capital Invested in May $ 20,700 Cash $ 10,100 Interest Expense James, Capital, May 1, 2021 $ 500 $ 0 James, Withdrawals $1,000 Maintenance Expense $ 600 Miscellaneous Expense $ 600 $1,600 Prepaid Insurance Salaries & Wages Expense Service Revenue $ 800 $8,100 Unearned Revenue $ 3,200 $ 700 Utilities Expense Required Prepare the income statement, statement of owner's equity, and balance sheet. Assets Cash Prepaid Insurance Liabilities Accounts Payable Unearned Revenue Bus Bank Loan Total Assets Total Liabilities Owner's Equity James, Capital, May 31, 2021 Total Liabilities and Owner's Equity
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