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1. Prepare the statement of retained earnings for Willard Towing Service for the month ending...

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1. Prepare the statement of retained earnings for Willard Towing Service for the month ending June 30, 2018. 2. What does the statement of retained earnings report? Requirement 1. Prepare the statement of retained earnings for Willard Towing Service for the month ending June 30, 2018. Willard Towing Service Statement of Retained Earnings Month Ended June 30, 2018 Retained Earnings, June 1, 2018 Net income for the month Dividends Retained Earnings, June 30, 2018 i Data Table - X $ $ Equipment Office Supplies Notes Payable Rent Expense Cash Dividends 15,400 Service Revenue 1,300 Accounts Receivable 5,500 Accounts Payable 700 Retained Earnings, June 1, 2018 2,300 Salaries Expense 1,500 Common Stock 10,800 6,500 2,000 2,200 1,800 9,000 Print Done Reference - X Willard Towing Service Income Statement Month Ended June 30, 2018 Revenues: Service Revenue 10,800 Expenses: Salaries Expense 1,800 700 Rent Expense Total Expenses 2,500 8,300 Net Income Print Done

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