Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 23 Aug 2017 My Price 8.00

Wilson Towing Service

Preparing financial statements and evaluating business performance

The account balances of Wilson Towing Service at June 30, 2012, follow:

 

Equipment

$13,600

Service revenue

$11,200

Supplies

900

Accounts receivable

6,200

Note payable

6,900

Accounts payable

3,000

Rent expense

550

Wilson, capital, Jun 1, 2012

4,950

Cash

2,900

Salary expense

1,900

Wilson, drawing

0

    

 

8

Requirements

1. Prepare the balance sheet of the business at June 30, 2012.

2. What does the balance sheet report—financial position or operating results?

3. Which financial statement reports the other accounts listed for the business?

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Aug 2017 01:08 PM My Price 8.00

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