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Cycle Travel Tours showed the following trial balance information (in alphabetical order) for its first month just ended March 31, 2023: Account Debit Credit Accounts
Cycle Travel Tours showed the following trial balance information (in alphabetical order) for its first month just ended March 31, 2023:
Account | Debit | Credit | ||||
Accounts payable | $ | 470 | ||||
Accounts receivable | $ | 1,920 | ||||
Cash | 470 | |||||
Equipment | 670 | |||||
Interest expense | 10 | |||||
Francois Laneuv, capital | 2,020 | |||||
Francois Laneuv, withdrawals | 1,470 | |||||
Notes payable | 1,070 | |||||
Prepaid insurance | 270 | |||||
Salaries expense | 770 | |||||
Service revenue | 1,590 | |||||
Unearned service revenue | 430 | |||||
Totals | $ | 5,580 | $ | 5,580 | ||
Required: Use the information provided to complete an income statement, statement of changes in equity, and balance sheet.
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