Income statement
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.
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