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preparing the income statement Requirements Prepare the income statement for Wilson Towing Service for the month ending June 30, 2014 What does the income statement

preparing the income statement

Requirements

Prepare the income statement for Wilson Towing Service for the month ending June 30, 2014

What does the income statement report?

equipment $13,600 service revenue $11,200
office supplies 900 accounts receivable 6,200
notes payable 6,900 accounts payable 3,000
rent expennse 550 retained earnings, june 1, 2014 950
cash 1,900 salaries expense 1,900
dividend 1,000 common stock 4,000

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