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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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