EquipmentOffice SuppliesNote PayableRent ExpenseCashJ. Williams, WithdrawalsS31,950 Service Revenue1,500 Accounts Receivable6,500 Accounts Payable750 J. Williams, Capital, June 1, 20232,500 Salaries Expense5.50014.0007.50012.0007,7002.000Income StatementWilliams Towing ServiceIncome StatementFor the Month Ended June 30, 2023Revenues:Service revenueExpenses:Salaries expenseSRent expenseTotal expensesNet income$2,00075014,0002,75011,250Statement of Owner's EquityWilliams Towing ServiceStatement of Owner's EquitvFor the Month Ended June 30, 2023J. Williams, capital, June 1, 2023Owner contributionNet income for the monthOwner withdrawalJ. Williams, capital, June 30, 2023SS7,70011,50011,25030,450(5.500)24.9501. Prepare the balance sheet for Williams Towing Service as of June 30, 2023.2. What does the balance sheet report?

The account balances and select financial statements of Williams Towing Service at June 30, 2023, follow: (Click the icon to view the account balances.) (Click the icon to view the June income statement.) (Click the icon to view the June statement of owner's equity.) Required Assets Liabilities Owner's Equity Time Limit: 01:30