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Discuss financial position or operating results

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Reference no: EM131749410

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

Reference no: EM131749410

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