Question

Prepare the balance sheet for Willard Towing Service as of June 30 2018

nd select financial statements of Willard Towing Service at June 30, 2018, follow: ew the 1 . . . ew the Data Table e thel $ empty; do Equipment Office Supplies Notes Payable 30,950 Service Revenue 500 Accounts Receivable 4,500 Accounts Payable 850 Willard, Capital, June 1, 2018 2,400 Salaries Expense 3,000 14,000 8,000 12,000 3,900 2,700 Rent Expense Cash Asset Willard, Withdrawals Print Done enterany number in the input neras and then CHICK Uheck Answer.

Answer 1

Income statement for the month ended June 30, 2018 Amount Particular Revenues $14,000 - $ 2,700 service Revenue Expenses salaries expense office supplies Rent Expense Net Income - 500 850 4,050 $9,950 Partner capital statement williard capital, June 1, 2018 Add: Net income less - withdrawn williard capital - June 30, 2018 $ 3,900 9,900 3,000 $10,850 - services Balance sheet of williard towing for the month ended June 30, 2015 Assets. liabilitie Amount Amount Particulars Particulars cash $21400 8,000 Account Payable Note Payable $ 12,000 4,500 Account Receivable Equipment 30,950 10,850 williard capital Ntal Assets $41,350

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