Solution-Prepare an income statement for the month ended

Prepare an income statement for the month ended October

Reference no: EM132874802

Problem - Income statement - Universal Services was organized on October 1, 2012. A summary of the revenue and expense transactions for October follows:

Fees earned $800,000

Wages expense 270,000

Rent expense 60,000

Supplies expense 9,000

Miscellaneous expense 12,000

Required - Prepare an income statement for the month ended October 31.

Reference no: EM132874802

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Prepare an income statement for the month ended October

Reference no: EM132874802

Reference no: EM132874802

Questions Cloud

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Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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