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The account balances of Wilford Towing Service at June 30, 2016, follow: (Click the icon to view the account balances.) Requirements 1. Prepare the income
The account balances of Wilford Towing Service at June 30, 2016, follow: (Click the icon to view the account balances.) Requirements 1. Prepare the income statement for Wilford Towing Service for the month ending June 30, 2016. 2. What does the income statement report? Requirement 1. Prepare the income statement for Wilford Towing Service for the month ending 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 - X S S Equipment Office Supplies Notes Payable Rent Expense Cash Wilford, Withdrawals 17,500 Service Revenue 1,300 Accounts Receivable 6,900 Accounts Payable 800 Wilford, Capital, June 1, 2016 1,900 Salaries Expense 2.000 13,000 8,200 8,000 7,700 1,900 Net Income Requirement 2. What does the income statement report? The income statement reports Print Done
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