Imaging Services was organized on March 1, 2018. A summary of the revenue and expense...
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Accounting
Imaging Services was organized on March 1, 2018. A summary of the revenue and expense transactions for March follows:
Accounts
Fees earned
$482,000
Wages expense
314,000
Rent expense
36,000
Supplies expense
3,200
Miscellaneous expense
2,400
Prepare an income statement for the month ended March 31, 2018. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if it is required. If a net loss is incurred, enter that amount as a negative number using a minus sign.
Labels
March 31, 2018
Expenses
For the Month Ended March 31, 2018
Amount Descriptions
Net income
Net loss
Total expenses
Answer & Explanation
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