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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