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JenCo showed the following trial balance information (in alphabetical order) for its first month just ended March 31, 2017: Account Debit Credit Accounts payable $
JenCo showed the following trial balance information (in alphabetical order) for its first month just ended March 31, 2017:
Account | Debit | Credit | |||
Accounts payable | $ | 500 | |||
Accounts receivable | $ | 1,950 | |||
Cash | 500 | ||||
Equipment | 700 | ||||
Interest expense | 10 | ||||
Marie Jensen, capital | 2,050 | ||||
Marie Jensen, withdrawals | 1,500 | ||||
Notes payable | 1,100 | ||||
Prepaid insurance | 300 | ||||
Salaries expense | 800 | ||||
Service revenue | 1,650 | ||||
Unearned service revenue | 460 | ||||
Totals | $ | 5,760 | $ | 5,760 | |
Use the information provided to complete an income statement, statement of changes in equity, and balance sheet.
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