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Cycle Travel Tours showed the following trial balance information (in alphabetical order) for its first month just ended March 31, 2020: Debit Credit $ 410
Cycle Travel Tours showed the following trial balance information (in alphabetical order) for its first month just ended March 31, 2020: Debit Credit $ 410 Account Accounts payable Accounts receivable Cash Equipment Interest expense Francois Laneuv, capital Francois Laneuv, withdrawals Notes payable Prepaid insurance Salaries expense Service revenue Unearned service revenue Totals $1,860 410 610 10 1,960 1,410 1,010 210 710 1,470 370 $5,220 $5,220 Required: Use the information provided to complete an income statement, statement of changes in equity, and balance sheet CYCLE TRAVEL TOURS Income Statement For Month Ended March 31, 2020 Revenues: Operating expenses Total operating expenses CYCLE TRAVEL TOURS Statement of Changes in Equity For Month Ended March 31, 2020 Francois Laneuv, capital, March 1 Total $ 0 Francois Laneuv, capital, March 31 CYCLE TRAVEL TOURS Balance Sheet March 31, 2020 Assets Liabilities Total liabilities 0 Equity 0 $ 0 Total liabilities and equity $ Total assets
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