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Floating Speed Boat has completed all its journal entries and adjusting entries for the month of February 2022. The adjusted trial balance is shown below.
Floating Speed Boat has completed all its journal entries and adjusting entries for the month of February 2022. The adjusted trial balance is shown below. Note: during the month of February, the owner of Floating Speed Boat invested $6,170 into the business. This investment is already \begin{tabular}{|l|r|r|} \hline Bank Loan & & 15,390 \\ \hline Murray, Capital & & $ \\ & & 47,360 \\ \hline Murray, Withdrawals & $ & \\ \hline Service Revenue & 1,630 & \\ \hline Advertising Expense & $230 & \\ \hline Depreciation Expense & $220 & \\ \hline Insurance Expense & $220 & \\ \hline Interest Expense & $400 & \\ \hline Rent Expense & $ & \\ \hline Total & 1,220 & \\ \hline \end{tabular} Prepare the income statement, statement of numnarlo nimithy and halamnn ohant frimn than \begin{tabular}{|l|l|l|} \hline \multicolumn{3}{|c|}{ Floating Speed Boat } \\ \hline \multicolumn{2}{|c|}{ Statement of Owner's Equity } \\ \hline For the Month Ended February 28,2022 \\ \hline Murray,CapitalatFebruary1,2022 & & \\ \hline Add: & & \\ \hline NetIncome(Loss) & & \\ \hline AdditionalInvestments & & \\ \hline TotalAdditions & & \\ \hline Subtotal & & \\ \hline Less:Murray,Withdrawals & & \\ \hline Murray,CapitalatFebruary28,2022 & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Floating Speed Boat } \\ \hline \multicolumn{2}{|c|}{ Balance Sheet } \\ \hline \multicolumn{2}{|c|}{ As at February 28, 2022} \\ \hline Assets & & \\ \hline Cash & & \\ \hline AccountsReceivable & & \\ \hline Prepaid & & \\ Insurance & & \\ \hline Equipment & & \\ \hline Less:AccumulatedDepreciation-Equipment & & \\ \hline NetEquipment & & \\ \hline Total Assets & & \\ \hline Liabilities & & \\ \hline AccountsPayable & & \\ \hline Interest & & \\ Payable & & \\ \hline UnearnedRevenue & & \\ \hline Bank Loan & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline TotalLiabilities & & \\ \hline OwnersEquity & & \\ \hline Murray,Capital & & \\ \hline TotalLiabilitiesandOwnersEquity & & \\ \hline \end{tabular}
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