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Feather Light Travelling Trains has completed all of its journal entries and adjusting entries for the month of March 2021. The adjusted trial balance is
Feather Light Travelling Trains has completed all of its journal entries and adjusting entries for the month of March 2021. The adjusted trial balance is shown below. Note: during the month of March, the owner of Feather Light Travelling Trains invested $9,310 into the business. Feather Light Travelling Trains Adjusted Trial Balance March 31, 2021 Account Titles DR CR Cash $8,320 Accounts Receivable $ 7,690 Prepaid Insurance $ 1,810 Equipment $ 63,540 Accumulated Depreciation-Equipment $1,450 Accounts Payable $9,530 Interest Payable $ 70 Unearned Revenue Bank Loan Murray, Capital $ 5,220 $ 15,680 $ 48,170 Murray, Withdrawals $1,080 Service Revenue $5,180 C Interest Payable Unearned Revenue $70 $5,220 $ 15,680 Bank Loan Murray, Capital $48,170 Murray, Withdrawals $1,080 Service Revenue $5,180 Advertising Expense $ 360 Depreciation Expense $470 Insurance Expense $ 280 Interest Expense Rent Expense Total $330 $ 1,420 $ 85,300 $ 85,300 Required Prepare the income statement, statement of owner's equity, and balance sheet. Do not enter dollar signs, negative signs, or commas in the input boxes. Revenue Feather Light Travelling Trains Income Statement For the Month Ended March 31, 2021 Service Revenue Do not enter dollar signs, negative signs, or commas in the input boxes. Revenue Feather Light Travelling Trains Income Statement For the Month Ended March 31, 2021 Service Revenue Expenses Advertising Expense Depreciation Expense Insurance Expense Interest Expense Rent Expense Total Expenses Net Income (Loss) Feather Light Travelling Trains Statement of Owner's Equity For the Month Ended March 31, 2021 Murray, Capital at March 1, 2021 Add: Net Income (Loss) Additional Investments Total Additions Subtotal Less: Murray, Withdrawals Murray, Capital at March 31, 2021 Assets Cash Accounts Receivable Prepaid Insurance Equipment Feather Light Travelling Trains Balance Sheet As at March 31, 2021 Less: Accumulated Depreciation-Equipment Net Equipment Total Assets Liabilities Accounts Payable Interest Payable Unearned Revenue a Net Equipment Total Assets Liabilities Accounts Payable Interest Payable Unearned Revenue Bank Loan Total Liabilities Owner's Equity Murray, Capital Total Liabilities and Owner's Equity
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