Question: Please answer questions E1-14, E1-15, E1-16 with detailed explanation, please follow AASB standards (Australian Accounting Standards), thanks! The account balances of Wilford Towing Service at

Please answer questions E1-14, E1-15, E1-16 with detailed explanation, please follow AASB standards (Australian Accounting Standards), thanks!

standards (Australian Accounting Standards), thanks! The account balances of Wilford Towing Service

The account balances of Wilford Towing Service at 30 June 2021 follow: E1-14 PREPARING THE INCOME STATEMENT [10-15 MIN] (LO4) 1. Prepare the income statement for Wilford Towing Service for the month ending 30 June 2021. 2. What does the income statement report? E1-15 PREPARING THE STATEMENT OF CHANGES IN EQUITY [10-15 MIN] ( LO4 ) 1. Prepare the statement of changes in equity for Wilford Towing Service for the month ending 30 June 2021. 2. What does the statement of changes in equity report? E1-16 PREPARING THE BALANCE SHEET [10-15 MIN] (LO 4 1. Prepare the balance sheet for Wilford Towing Service as at 30 June 2021 . 2. What does the balance sheet report

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