The account balances of Wilson Towing Service at June 30, 2014, follow: Requirements 1. Prepare the income
Question:
The account balances of Wilson Towing Service at June 30, 2014, follow:
Requirements
1. Prepare the income statement for Wilson Towing Service for the month ending June 30, 2014.
2. What does the income statementreport?
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
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Requirement 1 WILSON TOWING SERVICE Balance Sheet June 30 2014 Assets Liabilities Cash 1900 Accoun...View the full answer
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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