Cycle Travel Tours showed the following trial balance information (in alphabetical order) for its first...
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Accounting
Cycle Travel Tours showed the following trial balance information (in alphabetical order) for its first month just ended March 31, 2020:
| Account | Debit | Credit | ||||
| Accounts payable | $ | 550 | ||||
| Accounts receivable | $ | 2,000 | ||||
| Cash | 550 | |||||
| Equipment | 750 | |||||
| Interest expense | 10 | |||||
| Francois Laneuv, capital | 2,100 | |||||
| Francois Laneuv, withdrawals | 1,550 | |||||
| Notes payable | 1,150 | |||||
| Prepaid insurance | 350 | |||||
| Salaries expense | 850 | |||||
| Service revenue | 1,750 | |||||
| Unearned service revenue | 510 | |||||
| Totals | $ | 6,060 | $ | 6,060 | ||
Required: Use the information provided to complete an income statement, statement of changes in equity
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