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Cycle Travel Tours showed the following trial balance information (in alphabetical order) for its first...

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Accounting

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Cycle Travel Tours showed the following trial balance information (in alphabetical order) for its first month just ended March 31, 2020: DOK ences Account 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 Debit Credit s 580 $2,030 580 780 10 2,130 1,580 1,180 380 880 1,810 540 $6,240 $6,240 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, 2020 Revenues: Service revenue Operating expenses: Salaries expense Interest expense 0 Total operating expenses Profit Check Statement of Changes in Equity For Month Ended March 31, 2020 Francois Laneuv, capital, March 1 Less: Investment by owner Add: Profit Total $ 0 x Francois Laneuv, capital, March 31 ces CYCLE TRAVEL TOURS Balance Sheet March 31, 2020 Assets Liabilities Total liabilities 0 Equity

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