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Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Guardian Health Services Co. after the accounts
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Guardian Health Services Co. after the accounts had been adjusted on February 28, 20Y0, the end of the fiscal year: Depreciation Expense $ 6,800 Insurance Expense 2,700 Miscellaneous Expense 7,400 Rent Expense 49,100 Service Revenue 407,900 Supplies Expense 2,500 Utilities Expense 30,800 Wages Expense 327,500 Prepare an income statement. Use a minus sign to indicate a net loss. Guardian Health Services Co. Income Statement For the Year Ended February 28, 20YO Service revenue X Expenses: Total expenses x x x x X
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