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An analysis of the transactions made by Arthur Cooper & Co., a certified public accounting firm, for the month of August is shown below. The

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An analysis of the transactions made by Arthur Cooper & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $550 for rent $4,300 for salaries and wages, and $500 for utilities. Assume that August is the company's first month of business. Prepare an income statement for August 31, 2017

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