JenCo showed the following trial balance information (in alphabetical order) for its first month just ended...

Transcribed Image Text:

JenCo showed the following trial balance information (in alphabetical order) for its first month just ended March 31, 2017 Account Debit Credit $ 490 Accounts payable Accounts receivable $1,940 Cash 490 Equipment 690 Interest expense 10 Marie Jensen, capital 2.040 Marie Jensen, withdrawals 1,490 Notes payable 1,090 Prepaid insurance 290 Salaries expense 790 Service revenue Unearned service revenue 1,630 450 Totals $5,700 $5,700 Required: Use the information provided to complete an income statement, statement of changes in equity, and balance sheet. JenCo showed the following trial balance information (in alphabetical order) for its first month just ended March 31, 2017 Account Debit Credit $ 490 Accounts payable Accounts receivable $1,940 Cash 490 Equipment 690 Interest expense 10 Marie Jensen, capital 2.040 Marie Jensen, withdrawals 1,490 Notes payable 1,090 Prepaid insurance 290 Salaries expense 790 Service revenue Unearned service revenue 1,630 450 Totals $5,700 $5,700 Required: Use the information provided to complete an income statement, statement of changes in equity, and balance sheet.