the account balances of wilford towing service at june 30 2016 follow equipment 4374840

The account balances of Wilford Towing Service at June 30, 2016, follow Equipment ……….. $ 17,500 Office Supplies ……….. 1,300 Notes Payable ……….. 6,900 Rent Expense ……….. 800 Cash …………… 1,900 Dividends ……….. 2,000 Service Revenue ……. $ 13,000 Accounts Receivable ……. 8,200 Accounts Payable ……. 6,000 Retained Earnings, June 1, 2016 … 3,700 Salaries Expense ……. 1,900 Common Stock ……. 4,000 Requirements 1. Prepare the balance sheet for Wilford Towing Service as of June 30, 2016. 2. What does the balance sheet report? View Solution:
The account balances of Wilford Towing Service at June 30

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