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11) Prepare the financial statements for H. Logan of Logan Motorcycles from the following account balances 1) an income statement, 2) a statement of owner's
11) Prepare the financial statements for H. Logan of Logan Motorcycles from the following account balances 1) an income statement, 2) a statement of owner's equity, and 3) a balance sheet for the month ended October 31, 2021.
Cash $1,300
Accounts Receivable 500
Equipment 2,000
Accounts Payable 600
Travis, Capital 3,000
Revenue 1,000
Expenses 700
Travis, Withdrawal 100
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