Giblet Services was organized on February 1, 2008. A summary of the revenue and expense transactions for February follows:
|
Fees earned |
$479,280 |
|
Wages expense |
310,600 |
|
Rent expense |
60,000 |
|
Supplies expense |
6,200 |
|
Miscellaneous expense |
11,150 |
Prepare an income statement for the month ended February 28.