The account balances of Wilson Towing Service, Inc., at June 30, 2012 are shown below.
What does the balance sheet report - financial position or operating results?
Which financial statement reports the other accounts listed for the business?
|
Equipment
|
$13, 600
|
Service Revenue
|
$11,200
|
|
Supplies
|
$900
|
Accounts Receivable
|
$6, 200
|
|
Notes Payable
|
$6,900
|
Accounts Payable
|
$3,000
|
|
Rent Expense
|
$550
|
Common Stock
|
$4,950
|
|
Cash
|
$2,900
|
Salary Expense
|
$1,900
|