Cycle Travel Tours showed the following trial balance information (in alphabetical order) for its first month just
Question:
Cycle Travel Tours showed the following trial balance information (in alphabetical order) for its first month just ended March 31, 2023:
Required
Use the information provided to complete an income statement, statement of changes in equity, and balance sheet.
Account Accounts payable Accounts receivable Cash Debit Credit $ 430 Notes payable Prepaid insurance Salaries expense Service revenue Uneared service revenue Totals $1,880 430 630 10 Equipment Interest expense Francois Laneuv, capital Francois Laneuv, withdrawals 1,430 230 730 1,980 1,030 1,510 390 $5,340 $5,340
Step by Step Answer:
Revenues Service revenue Operating expenses Salaries expense Interest expe...View the full answer
Fundamental Accounting Principles Volume 1
ISBN: 9781260881325
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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