Asked Nov 30, 2019

The revenues and expenses of Adventure Travel Service for the year ended April 30, 2019, follow:
Fees earned $2,180,000
Office expense 400,000
Miscellaneous expense 25,000
Wages expense 1,300,000
Prepare an income statement for the year ended April 30, 2019.


Expert Answer

Step 1

Income statement: The financial statement which reports revenues and expenses from business operations and the result of those oper...

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