E1-27 Preparing financial statements and evaluating business performance LO 9, 10 (10-20 minutes Students please fill in areas that are shaded Student Name Course Name Student ID Date The account balances of Wilson Towng Service, at June 30,2020, follow $ Equipment Supplies Note payable Rent expense Cash Wilson, drawing 13,600 Service revenue 900 Accounts receivable 6,900 Accounts payable 550 Wilson, capital June 1, 2020 2,900 Salary expense 11,200 6,200 3.000 4,950 1,900 Requirements 1 Prepare the balance sheet of the busness at June 30, 2020 2 What does the balance sheet report - financial position or operating results? 3 Which financial statement reports the other accounts listed for the busness? Test Your Knowledge E1-27 Reg. 1 ASSETS De account here Type account here Type account here Type account here Wilson Towing Service, Inc. Balance Sheet June 30 2020 LIABILITIES Type account here Type account here Total abilities OWNER'S EQUITY Type account here Total abilities and owner's equity Total assets Reg. 2 Enter information here Reg. 3 Enter information here