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Fundamental Accounting Principles
Cycle Travel Tours showed the following trial balance information (in

Cycle Travel Tours showed the following trial balance information (in alphabetical order) for its first month just

Question:

Cycle Travel Tours showed the following trial balance information (in alphabetical order) for its first month just ended March 31, 2020:

Required

Use the information provided to complete an income statement, statement of changes in equity, and balance sheet.

Transcribed Image Text:

Account Debit Credit Accounts payable. $ 430 Accounts receivable. $1,880 Cash. 430 630 Equipment.. Interest expense. 10 ......... Francois Laneuv, capital. 1,980 .... Francois Laneuv, withdrawals 1,430 Notes payable. Prepaid insurance. 1,030 230 Salaries expense. 730 ...... ***** Service revenue.. 1,510 *... Unearned service revenue. 390 Totals. $5,340 $5,340

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Related Book For book-img-for-question

Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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Question Posted: Dec 06, 2019 11:17 AM

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