The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow:Fees earned $750,000Office expense 295,000Miscellaneous expense 12,000Wages expense 450,000Prepare an income statement for the year ended August 31, 2019.

Cornerstones of Financial Accounting
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Chapter3: Accrual Accounting
Section: Chapter Questions
Problem 10MCQ: Reinhardt Company reported revenues of $122,000 and expenses of $83,000 on its 2019 income...
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The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow:
Fees earned $750,000
Office expense 295,000
Miscellaneous expense 12,000
Wages expense 450,000
Prepare an income statement for the year ended August 31, 2019.

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