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Prepare an income statement

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Question: Hercules Services was organized on November 1, 2006. A summary of the revenue and expense transactions for November follows:

Fees earned                            $232,120

Wages expense                         100,100

Miscellaneous expense                   3,150

Rent expense                             35,000

Supplies expense                          4,550

Prepare an income statement for the month ended November 30.

Reference no: EM131526250

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