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Therevenuesandexpensesof Zenith Travel Service for the year ended August 31, 20Y4, follow: Fees earned $765,615 Office expense 176,090 Miscellaneous expense 15,310 Wages expense 367,495 Explain

Therevenuesandexpensesof Zenith Travel Service for the year ended August 31, 20Y4, follow:

Fees earned $765,615
Office expense 176,090
Miscellaneous expense 15,310
Wages expense 367,495

Explain an income statement for the year ended August 31, 20Y4.

Zenith Travel Service Income Statement For the Year Ended August 31, 20Y4
Accounts receivable Cash Fees earned Land Owner, capital $- Select -
Expenses:
Accounts payable Cash Owner, drawing Supplies Wages expense $- Select -
Accounts receivable Accounts payable Land Office expense Owner, capital - Select -
Cash Fees earned Land Miscellaneous expense Owner, drawing - Select -
Total expenses fill in the blank
Net loss Net income $- Select -

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