The account balances of Wilson Towing Service at June 30, 2023, follow:

Required1. Prepare the statement of owner’s equity for Wilson Towing Service for the month ending June 30, 2023. Assume Wilson invested $11,000 during June.

2. What does the statement of owner’s equity report?

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Equipment.............. Office Supplies............. Note Payable... Rent Expense... Cash J. Wilson, Withdrawals. www $ 25,850 Service Revenue..... Accounts Receivable. 6,800 Accounts Payable...... 1,000 900 J. Wilson, Capital, June 1, 2023..... 1,400 Salaries Expense.... 3,500 $ 15,000 9,000 8,000 3,250 2,400