Ultimate_Writer

Dairy Services was organized on August 1, 2016. A summary of the  revenue  and  expense  transactions for August follows:

Accounts
Fees earned	$771,000
Wages expense	552,000
Rent expense	34,000
Supplies expense	7,600
Miscellaneous expense	12,000

Prepare an income statement for the month ended August 31. 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.

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Income Statement

Prepare an income statement for the month ended August 31. 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.

Dairy Services

Income Statement

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