Feather Light Travelling Trains has completed all of its journal entries and adjusting entries for the month of February The adjusted trial balance is shown below. Note: during the month of February, the owner of Feather Light Travelling Trains invested $ into the business.
Feather Light Travelling Trains
Adjusted Trial Balance
February
Account Titles DR CR
Cash $
Accounts Receivable $
Prepaid Insurance $
Equipment $
Accumulated DepreciationEquipment $
Accounts Payable $
Interest Payable $
Unearned Revenue $
Bank Loan $
Murray, Capital $
Murray, Withdrawals $
Service Revenue $
Advertising Expense $
Depreciation Expense $
Insurance Expense $
Interest Expense $
Rent Expense $
Total $ $
Required
Prepare the income statement, statement of owner's equity, and balance sheet.
Do not enter dollar signs, negative signs, or commas in the input boxes.
Feather Light Travelling Trains
Income Statement
For the Month Ended February
Revenue
Service Revenue Answer
Expenses
Advertising Expense Answer
Depreciation Expense Answer
Insurance Expense Answer
Interest Expense Answer
Rent Expense Answer
Total Expenses Answer
Net Income Loss Answer
Feather Light Travelling Trains
Statement of Owner's Equity
For the Month Ended February
Murray, Capital at February Answer
Add:
Net Income Loss Answer
Investments Answer
Total Additions Answer
Subtotal Answer
Less: Murray, Withdrawals Answer
Murray, Capital at February Answer
Feather Light Travelling Trains
Balance Sheet
As at February
Assets
Cash Answer
Accounts Receivable Answer
Prepaid Insurance Answer
Equipment Answer
Less: Accumulated DepreciationEquipment Answer
Net Equipment Answer
Total Assets Answer
Liabilities
Accounts Payable Answer
Interest Payable Answer
Unearned Revenue Answer
Bank Loan Answer
Total Liabilities Answer
Owner's Equity
Murray, Capital Answer
Total Liabilities and Owner's Equity
