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EX 1-19 Income statement Imaging Services was organized on March 1, 2018. A summary of the revenue and expense Obj. 5 OW ME HOW EXCEL TEMPLATE transactions for March follows: Fees earned Wages expense Rent expense Supplies expense Miscellaneous expense $482,000 300,000 41,500 3,600 1,900 Prepare an income statement for the month ended March 31.
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Answer #1
Income statement as on March 31st
Fees earned 482000
Less:
Wage expenses -300000
Rent expenses -41500
Supplies expenses -3600
Miscellaneous expenses -1900
Total expenses -347000
Profit 135000
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