Dairy Services was organized on August 1, 20Y2. A summary of the revenue and expense transactions for

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Dairy Services was organized on August 1, 20Y2. A summary of the revenue and expense transactions for August follows:

Fees earned ..................................... $627,600
Wages expense .................................. 440,800
Rent expense ....................................... 28,000
Supplies expense .................................. 6,800
Miscellaneous expense ........................ 9,300

Prepare an income statement for the month ended August 31.

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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