Question

0 Data e ce One Sul No Payable 100 kuna 000 A abe O d 700 Se Commons Bervice Statement of R ed Earnings Month Ende June 30, 2018 Rendange 1. 2018 Net noe for the month 2018 Dwinds W i ng Service Morth Ended June 2016 Service Expenses Sales Rent en Choose from any oneraryumbri

Answer 1

Requirement 1

                                                                Whitaker Towing services

                                                                Balance sheet

Assets	Amount ($)	liabilities and Stockholders' equity	Amount ($)
Cash	1700	Accounts payable	3000
Accounts receivable	8200	Notes payable	6900
Office supplies	900	Total liabilities	9900
equipment	17200
		Common stock	9000
		retained earnings	9100
		Stockholders' equity	18100
Total assets	28000	Total liabilities and Stockholders' equity	28000

Requirement 2

The balance sheet reports an entity’s assets, liabilities, and stockholders’ equity as of a specific date.

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