Question: Mancini Services was organized on February 1, 2012. A summary of the revenue and expense transactions for February follows: Fees earned .......... $ 925,000 Wages

Mancini Services was organized on February 1, 2012. 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 29.


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