Question of E1 -32

ilson Towing Service for the month ending 1. Prepare the incon June 30, 2018. 2. What does the income starement report? E1-32 Preparing the statement of owner's equity Learning Objective 5 Requirements 1. Prepare the statement of owner's equity for Wilson Towing Service for the month Ending Capital $22,450 ending June 30, 2018. Assume Wilson contributed $11,000 during June. What does the statement of owner's equity report? ive 5 Use the following information to answer Exercises El-34 through EI-36. The assets, liabilities, and equities of Damon Design Studio have the following bal- ances at December 31, 2018. The owner, Eric Damon, began the year with a $39,000 capital balance, contributed $13,000, and withdrew $57,000 during the year. 14,000 Office Furniture 23,000 Utilities Expense 3,200 Accounts Payable 5,100 Service Revenue 65,000 Accounts Receivable 2,200 Miscellaneous Expense $48,400 7,200 3,600 154,600 9,300 3,800 Notes Payable Rent Expense Cash Office Supplies Salaries Expense Property Tax Expense