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The account balances of Wilson Towing Service, at June 30, 2021, follow: $ $ Equipment Supplies Note payable Rent expense Cash Wilson, drawing 13,600 Service
The account balances of Wilson Towing Service, at June 30, 2021, follow: $ $ Equipment Supplies Note payable Rent expense Cash Wilson, drawing 13,600 Service revenue 900 Accounts receivable 6,900 Accounts payable 550 Wilson, capital, June 1, 2021 2,900 Salary expense 11,200 6,200 3,000 4,950 1,900 0 Requirements 1. Prepare the balance sheet of the business at June 30, 2021. What does the balance sheet report - financial position or operating results? 3. Which financial statement reports the other accounts listed for the business? 2
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