Question: Universal Services was organized on October 1, 2010. A summary of the revenue and expense transaction for October follows. Fees earned $800,000 Wages expense 270,000

Universal Services was organized on October 1, 2010. A summary of the revenue and expense transaction for October follows.
Fees earned $800,000
Wages expense 270,000
Rent expense 60,000
Supplies expense 9,000
Miscellaneous expense 12,000
Prepare an income statement for the month ended October 31.

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