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Cycle Travel Tours showed the following trial balance information (in alphabetical order) for its first month just ended March 31, 2023:
Account | Debit | | Credit | |
Accounts payable | | | | $ | 470 | |
Accounts receivable | $ | 1,920 | | | | |
Cash | | 470 | | | | |
Equipment | | 670 | | | | |
Interest expense | | 10 | | | | |
Francois Laneuv, capital | | | | | 2,020 | |
Francois Laneuv, withdrawals | | 1,470 | | | | |
Notes payable | | | | | 1,070 | |
Prepaid insurance | | 270 | | | | |
Salaries expense | | 770 | | | | |
Service revenue | | | | | 1,590 | |
Unearned service revenue | | | | | 430 | |
Totals | $ | 5,580 | | $ | 5,580 | |
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Required: Use the information provided to complete an income statement, statement of changes in equity, and balance sheet.
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