EX 1-19Income statementOBJ. 5Dairy Services was organized on August 1, 2016. A summary of the revenue and expensetransactions for August follows:Fees earned$783,000550,000Wages expenseRent expenseSupplies expense35,0008,500Miscellaneous expense11,400Prepare an income statement for the month ended August 31.

Income statement means a statement which shows the summary of expenses and revenue of the…

EX 1-19 Income statement OBJ. 5 Dairy Services was organized on August 1, 2016. A summary of the revenue and expense transactions for August follows: Fees earned $783,000 Wages expense 550,000 Rent expense 35,000 Supplies expense 8,500 Miscellaneous expense 11,400 Prepare an income statement for the month ended August 31.

EX 1-19 Income statement OBJ. 5 Dairy Services was organized on August 1, 2016. A summary of the revenue and expense transactions for August follows: Fees earned $783,000 Wages expense 550,000 Rent expense 35,000 Supplies expense 8,500 Miscellaneous expense 11,400 Prepare an income statement for the month ended August 31.

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter1: Introduction To Accounting And Business

Section: Chapter Questions

Problem 1.19EX

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