4) 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,

3) a balance sheet for the month ended October 31, 2015

You will need to calculate the value of the Accounts Payable account (note: remember the basic accounting equation).

Cash $1,300

Accounts Receivable 500

Equipment 2,000

Accounts Payable ???

Travis, Capital 3,000

Revenue 1,000

Expenses 700

Travis, Withdrawal 100