E1-27 00 Preparing financial statements and evaluating business performance [10-20 min] The account balances of Wilson Towing Service at June 30, 2012, follow: $13,600 Service revenue Equipment Supplies Note payable Rent expense $11,200 900 Accounts receivable 6,200 6,900 Accounts payable 550 Wilson, capital, Jun 1, 2012 4,950 2,900 Salary expense 3,000 Cash 1,900 Wilson, drawing Requirements 1. Prepare the balance sheet of the business at June 30, 2012.

E1-27 00 Preparing financial statements and evaluating business performance [10-20 min] The account balances of Wilson Towing Service at June 30, 2012, follow: $13,600 Service revenue Equipment Supplies Note payable Rent expense $11,200 900 Accounts receivable 6,200 6,900 Accounts payable 550 Wilson, capital, Jun 1, 2012 4,950 2,900 Salary expense 3,000 Cash 1,900 Wilson, drawing Requirements 1. Prepare the balance sheet of the business at June 30, 2012.

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Description: Q6.E1-27 O0 Preparing financial statements and evaluating business performance[10-20 min]The account balances of Wilson Towing Service at June 30, 2012, follow:$13,600 Service revenueEquipmentSuppliesNote payableRent expense$11,200900 Accounts recei

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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