Question
The account balances and select financial statements of Winfrey Towing Service at June 30, 2018, follow: (Click the icon to view the account balances.)
The account balances and select financial statements of Winfrey 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 Winfrey 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.) Data Table Assets Liabilities Owner's Equity Reference Winfrey Towing Service Income Statement Month Ended June 30, 2018 Equipment 29,700 Service Revenue $ 14,000 Office Supplies 1,500 Accounts Receivable 6,000 Revenues: Notes Payable 6,000 Accounts Payable 11,000 Service Revenue Rent Expense 450 Winfrey, Capital, June 1, 2018 3,650 Expenses: Cash 1,800 Salaries Expense 2,200 Salaries Expense Winfrey, Withdrawals 5,000 Rent Expense Total Expenses Print Done Net Income i Reference Winfrey Towing Service Statement of Owner's Equity Month Ended June 30, 2018 Winfrey, Capital, June 1, 2018 Owner contribution Net income for the month 3,650 12,000 11,350 $ 27,000 Owner withdrawal (5,000) $ 22,000 Winfrey, Capital, June 30, 2018 $ 2,200 450 $ 14,000 2,650 $ 11,350 Print Done
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