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Print Test Your Knowledge Financial Accounting 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 Towing Service, at June 30, 2019, 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, 2019 2,900 Salary expense 0 11,200 6,200 3,000 4,950 1,900 Requirements 1. Prepare the balance sheet of the business at June 30, 2019. 2. What does the balance sheet report - financial position or operating results? 3. Which financial statement reports the other accounts listed for the business? Test Your Knowledge E1-27 Req. 1 ASSETS Type account here Type account here Type account here Type account here Wilson Towing Service, Inc. Balance Sheet June 30, 2019 LIABILITIES Type account here Type account here Total liabilities OWNER'S EQUITY Type account here Total liabilities and owner's equity Hint: Total assets should equal Total liabilities and owner's equity. Total assets Req. 2 Enter information here Req. 3 Enter information here