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Jon Mans decided to start his own small tour business, called Cascade Tours. He had the following ending balances after the first month of operations

Jon Mans decided to start his own small tour business, called Cascade Tours. He had the following ending balances after the first month of operations (April 2021).

Ending Balances - April 30, 2021
Accounts Payable $ 500
Accounts Receivable $ 1,200
Bank Loan $ 10,200
Capital Invested in April $ 8,600
Cash $ 25,600
Insurance Expense $ 800
Interest Expense $ 300
Mans, Capital, April 1, 2021 $ 0
Mans, Withdrawals $ 1,100
Prepaid Rent $ 2,400
Rent Expense $ 800
Service Revenue $ 12,600
Telephone Expense $ 500
Unearned Revenue $ 800

Required

Prepare the income statement, statement of owner's equity, and balance sheet.

Do not enter dollar signs or commas in the input boxes.

Do not use negative signs.

Enter the expenses in alphabetical order on the income statement.

Select the proper order for the headings of the financial statements.

AnswerAs at April 30, 2021For the Month Ended April 30, 2021Cascade Tours
Income Statement
AnswerAs at April 30, 2021For the Month Ended April 30, 2021Cascade Tours
Revenue
AnswerInsurance ExpenseInterest ExpenseRent ExpenseTelephone ExpenseService RevenueUtilities Expense Answer
Expenses
AnswerInsurance ExpenseInterest ExpenseRent ExpenseTelephone ExpenseService RevenueUtilities Expense Answer
AnswerInsurance ExpenseInterest ExpenseRent ExpenseTelephone ExpenseService RevenueUtilities Expense Answer
AnswerInsurance ExpenseInterest ExpenseRent ExpenseTelephone ExpenseService RevenueUtilities Expense Answer
AnswerInsurance ExpenseInterest ExpenseRent ExpenseTelephone ExpenseService RevenueUtilities Expense Answer
AnswerInsurance ExpenseInterest ExpenseRent ExpenseTelephone ExpenseService RevenueUtilities Expense Answer
Total Expenses Answer
Net Income (Loss) Answer

AnswerAs at April 30, 2021For the Month Ended April 30, 2021Cascade Tours
Statement of Owner's Equity
AnswerAs at April 30, 2021For the Month Ended April 30, 2021Cascade Tours
Mans, Capital, April 1, 2021 Answer
Add Capital Invested in April Answer
Net Income (Loss) Answer
Less Mans, Withdrawals Answer
Mans, Capital, April 30, 2021 Answer

AnswerAs at April 30, 2021For the Month Ended April 30, 2021Cascade Tours
Balance Sheet
AnswerAs at April 30, 2021For the Month Ended April 30, 2021Cascade Tours
Assets Liabilities
Cash Answer Accounts Payable Answer
Accounts Receivable Answer Unearned Revenue Answer
Prepaid Rent Answer Bank Loan Answer
Total Liabilities Answer
Owner's Equity
Mans, Capital, April 30, 2021 Answer
Total Assets Answer Total Liabilities and Owner's Equity Answer

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