The revenues and expenses of Adventure Travel Service for the year ended April 30, 2019, follow:

Accounts (revenue and expense items)
Fees earned	$742,000
Office expense	305,000
Miscellaneous expense	10,000
Wages expense	470,000

Prepare an income statement for the year ended April 30, 2019. 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.

labels

Labels
Expenses
For the Year Ended April 30, 2019
Amount Descriptions
Fees Earned
Miscellaneous expense
Net income
Net loss
Office expense
Total expenses
Wages expense

X

Income Statement

Prepare an income statement for the year ended April 30, 2019. 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.

Adventure Travel Service

Income Statement

1
2
3
4
5
6
7