JLM Services was organized on August 1, 20Y5. A summary of the revenue and expense transactions for

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JLM Services was organized on August 1, 20Y5. A summary of the revenue and expense transactions for August follows: 



Fees earned

Wages expense 

$2,550,000

  1,612,500

Miscellaneous expense 

       41,250

Rent expense 

     240,000

Supplies expense 

       22,500


Prepare an income statement for the month ended August 31.

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Survey Of Accounting

ISBN: 9780357132593

9th Edition

Authors: Carl S. Warren, Amanda Farmer

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