The account balances of Wilson Towing Service at June 30, 2014, follow:

Requirements

1. Prepare the statement of retained earnings for Wilson Towing Service for the month ending June 30, 2014.

2. What does the statement of retained earningsreport?

Transcribed Image Text:

Equipment Office Supplies Notes Payable Rent Experse Cash DMdends $13,600 900 6,900 550 1,900 1,000 Service Revenue Accounts Recevable Accounts Payable Retalned Earnings, June 1, 2014 Salaries Expense Common Stock S11.200 6,200 3,000 950 1,900 4,000