Question
Exercise 2-43 (Algo) Prepare Statements for a Service Company (LO 2-2) Tuscola Counseling Services is a small firm that advises job seekers on both employment
Exercise 2-43 (Algo) Prepare Statements for a Service Company (LO 2-2) Tuscola Counseling Services is a small firm that advises job seekers on both employment and education alternatives. Robert Gibson, the founder and president, has collected the following information for year just ended: Employee training $ 9,100 Marketing 70,800 Rent and facilities costs 28,400 Revenue (client fees) 268,000 Supplies 51,080 Travel 40,500 Wages and salaries 81,800 Required: Prepare an income statement for the year just ended for Tuscola Counseling Services. Note: Loss amount should be indicated with a minus sign.
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