Question
Star Health Inc. is a fitness center in Oklahoma City. In October, the company earned $550,000 in revenues and incurred the following operating costs from
Star Health Inc. is a fitness center in Oklahoma City. In October, the company earned
$550,000 in revenues and incurred the following operating costs from 340 customers:
| Manager's salary | $50,000 |
| Gym Rent | 60,000 |
| Depreciation ExpenseEquipment | 25,000 |
| Office Supplies | 30,000 |
| Utilities Expense | 89,700 |
| Trainer's Salary | 25,000 |
Required: Prepare Star Health's income statement for the month of October.
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
