3
Cycle Travel Tours showed the following trial balance information (in alphabetical order) for its first month just ended March 31, 2023
Account
Debit
$ 1,870
420
620
10
Accounts payable
Accounts receivable.
Cash
Equipment
Interest expense
Francois Laneuv, capital
Francois Laneuv, withdrawals
Notes payable
Prepaid insurance
Salaries expense
Service revenue
Unearned service revenue
Totals
Revenues
1,420
220
720
Operating expenses:
Credit
$ 420
Required:
Use the information provided to complete an income statement, statement of changes in equity, and balance sheet.
CYCLE TRAVEL TOURS
Income Statement
For Month Ended March 31, 2023
1,970
1,020
1,490
380
$5,280 $5,280