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Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had
Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Wholistic Health Services Co. after the accounts had been adjusted on February 28, 2019, the end of the fiscal year: Depreciation Expense $13,900 Insurance Expense 6,810 Miscellaneous Expense 5,420 Rent Expense 56,200 Service Revenue 266,900 Supplies Expense 3,340 Utilities Expense 21,410 Wages Expense 209,900 Prepare an income statement. Use a minus sign to indicate a net loss. Wholistic Health Services Co. Income Statement For the Year Ended February 28, 2019 $ Service revenue Expenses: Fees earned Net income Net loss Wages expense Wages payable Total expenses Net loss
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