Prepare star health income statement

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Reference no: EM132081723

Question - Star Health Inc. is a fitness center in Oklahoma City. In October, the company earned $550,000 in revenues and incurred the following operating costs from 340 customers:

Manager's salary $50,000

Gym Rent 60,000

Depreciation Expense-Equipment 25,000

Office Supplies 30,000

Utilities Expense 89,700

Trainer's Salary 25,000

Required: Prepare Star Health's income statement for the month of October.

Reference no: EM132081723

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