Question: Dairy Services was organized on August 1, 2016. A summary of the revenue and expense transactions for August follows: Fees earned ..................................783000 Wages expense .............................550000

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

Fees earned ..................................783000

Wages expense .............................550000

Rent expense ..................................35000

Supplies expense .............................8500

Miscellaneous expense ..................11400

Prepare an income statement for the month ended August 31.

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