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Instructions Dairy Services was organized on August 1, 2016. A summary of the revenue and expense transactions for August follows: Accounts Fees earned $760,000 Wages
Instructions Dairy Services was organized on August 1, 2016. A summary of the revenue and expense transactions for August follows: Accounts Fees earned $760,000 Wages expense 540,000 Rent expense 35,000 Supplies expense 9,000 Miscellaneous expense 11, 900 Prepare an income statement for the month ended August 31. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if it is required. If a net loss is incurred, enter that amount as a negative number using a minus sign. Prepare an income statement for the month ended August 31. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if it is required. If a net loss is incurred, enter that amount as a negative number using a minus sign
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