Income Statement
Universal Services was organized on October 1, 2012. A summary of the revenue and expense transactions 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.