Question: Relax Services was organized on May 1, 2010. A summary of the revenue and expense transactions for May follows: Fees earned $363,200 Wages expense 187,000

Relax Services was organized on May 1, 2010. A summary of the revenue and expense transactions for May follows:


Fees earned                                  $363,200

Wages expense                              187,000

Rent expense                                    36,000

Supplies expense                             11,500

Miscellaneous expense                   12,100


Prepare an income statement for the month ended May 31.

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