mework

Question $11,$ EF$1-33($book$/$static$)$

HW Score: $89\mathrm{.}39\%,9\mathrm{.}83$ of $11$ points

Part $1$ of $2$

Points: $0$ of $1$

The account balances and select financial statements of Wilson Towing Service at June $30,2024,$ follow:

$($Click the icon to view the account balances.$)$

$($Click the icon to view the income statement for the month.$)$

$($Click the icon to view the statement of retained earnings for the month.$)$

Requirements

Prepare the balance sheet for Wilson Towing Service as of June $30,2024.$

What does the balance sheet report?

Requirement $1.$ Prepare the balance sheet for Wilson Towing Service as of June $30,2024.($If a box is not used in the ta

$\backslash$table$[[$Wilson Towing Service$],[$Balance Sheet$],[$Month Ended June $30,2024],[$Assets$,$Liabilities$],[$Cash$,1400,$Accounts Payable,$8000],[$Office Supplies,$1000,$Notes Payable,$6800],[$Accounts Receivable,$9000,$Total Liabilities,$14800],[$Equipment$,25850,$Stockholders' Equity$],[,$Common Stock,$11000],[,$Retained Earnings,$11450],[,$Total Stockholders' Equity,$22450],[$Total Assets,$37250,$Total Liabilities and Stockholders' Equity,$37250]]$

Reference

$\backslash$table$[[\backslash$table$[[$Wilson Tow$],[$Statement of$],[$Month End$]],\backslash$table$[[$ervice$],[$Earnings$],[30,2024]],,],[$Retained Earnings, June $1,2024,$xix,$$,3,250],[$Net income for the month,,,$11,700],[,,$$$,14,950],[$Dividends$,,,(3,500)$