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The following revenue and expense account balances were taken from the Income Statement columns of the end-of-period spreadsheet for Fraser Services Co. for the year
The following revenue and expense account balances were taken from the Income Statement columns of the end-of-period spreadsheet for Fraser Services Co. for the year ended December 31: Depreciation Expense Insurance Expense Miscellaneous Expense Rent Expense Service Revenue Supplies Expense Utilities Expense Wages Expense Prepare an income statement. Fraser Services Co. Income Statement For the Year Ended December 31 Line Item Description Service Revenue Operating Expenses: $4,950 2,900 1,200 24,000 92,500 3,150 5,000 63,750 Rent Expense Utilities Expense Amount Amount 92,500 Previous Next >
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