Giblet Services was organized on February 1, 2008. A summary of the revenue and expense transactions for

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Giblet Services was organized on February 1, 2008. A summary of the revenue and expense transactions for February follows:
Fees earned ............. $479,280
Wages expense ............. 310,600
Rent expense ............. 60,000
Supplies expense ........... 6,200
Miscellaneous expense .......... 11,150
Prepare an income statement for the month ended February 28.

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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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