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

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

Fees earned .............$925,000

Wages expense ........... 400,000

Miscellaneous expense ........ 25,000

Rent expense ............ 92,000

Supplies expense ........... 13,000

Prepare an income statement for the month ended February 28.

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