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The account balances and select financial statements of Wayans Towing Service at June 30, 2018, follow: (Click the icon to view the account balances.)
The account balances and select financial statements of Wayans Towing Service at June 30, 2018, 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.) Read the requirements. Requirement 1. Prepare the balance sheet for Wayans Towing Service as of June 30, 2018. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Wayans Towing Service Balance Sheet June 30, 2018 Cash Office Supplies Accounts Receivable Equipment Total Assets Total Assets Assets Liabilities 2,000 Notes Payable 1100 Accounts Payable 6500 Total Liabilities 25800 Owner's Equity Data table Wayans, Capital Total Liabilities and Owner's Equity Reference Wayans Towing Service Statement of Owner's Equity Month Ended June 30, 2018 Wayans, Capital, June 1, 2018 Owner contribution $ 3,500 13,500 10,000 Nel income for the month $ 27,000 Owner withdrawal (1,500) S Wayans, Capital, June 30, 2018 25,500 Reference Wayans Towing Service Income Statement Month Ended June 30, 2018 Revenues: Requirements Service Revenue Equipment $ 25,800 Service Revenue $ 12,500 Expenses: Office Supplies 1,100 Accounts Receivable 6,500 Noles Payable 6,900 Accounts Payable 3,000 1. Prepare the balance sheet for Wayans Towing Service as of June 30, 2018. 2. What does the balance sheet report? Salaries Expense Rent Expense 500 Wayans, Capital, June 1, 2018 Rent Expense 3,500 Cash 2,000 Salaries Expense 2,000 Total Expenses Wayans, Withdrawals 1,500 Net Income Print Done Print Done - $ 12,500 S 2,000 500 2,500 $ 10,000 Print Done
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