Question: Direction: From the following data, prepare a properly single step Income Statement for Ace Mimeo Services for the Month of December 2021. Salary expense 3,000

Direction: From the following data, prepare a properly single step Income Statement for Ace Mimeo Services for the Month of December 2021. Salary expense 3,000 Rent Expense 1,350 Supplies Expense 1,350 Taxes and Licenses 375 Light and Water Expense 270 Mimeographing Fees 6,635 Other Income 1

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