The revenues and expenses of A-One Travel Service for the year ended August 31, 20Y6, follow: Fees earned $963,350 Office expense 221,570 Miscellaneous expense 19,265 Wages expense 462,410 Prepare an income statement for the year ended August 31, 20Y6. A-One Travel Service Income Statement For the Year Ended August 31, 20Y6 Line Item Description Amount Amount Expenses: Total expenses

Financial Accounting
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ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter1: Introduction To Accounting And Business
Section: Chapter Questions
Problem 4PEB: The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2016, follow:...
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Income statement
The revenues and expenses of A-One Travel Service for the year ended August 31, 20Y6, follow:
Fees earned
$963,350
Office expense
221,570
Miscellaneous expense
19,265
462,410
Wages expense
Prepare an income statement for the year ended August 31, 20Y6.
A-One Travel Service
Income Statement
For the Year Ended August 31, 20Y6
Line Item Description Amount Amount
Expenses:
Total expenses
Transcribed Image Text:Income statement The revenues and expenses of A-One Travel Service for the year ended August 31, 20Y6, follow: Fees earned $963,350 Office expense 221,570 Miscellaneous expense 19,265 462,410 Wages expense Prepare an income statement for the year ended August 31, 20Y6. A-One Travel Service Income Statement For the Year Ended August 31, 20Y6 Line Item Description Amount Amount Expenses: Total expenses
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