Income statement The revenues and expenses of A-One Travel Service for the year ended August 31, 20Y6 Fees earned $1,150,000 Office expense 150,000 45,000 640,000 Miscellaneous expense Wages expense Prepare an income statement for the year ended August 31, 20Y6. A-One Travel Service Income Statement For the Year Ended August 31, 20Y6 Amount Line Item Description X Fees earned Expenses: Wages expense Office expense Miscellaneous expense Total expenses Net income 640,000 150,000 45,000 Amount 1,150,000 X 100

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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eBook
Income statement
The revenues and expenses of A-One Travel Service for the year ended August 31, 2016
Fees earned
$1,150,000
Office expense
150,000
Miscellaneous expense
45,000
640,000
Wages expense
Prepare an income statement for the year ended August 31, 20Y6.
A-One Travel Service
Income Statement
For the Year Ended August 31, 20Y6
Amount
Line Item Description
X
Fees earned
Expenses:
Wages expense
Office expense
Miscellaneous expense
Total expenses
Net income
✓
Feedback
Show Me How
✓
640,000
150,000
45,000
Amount
1,150,000 X
00
Transcribed Image Text:< eBook Income statement The revenues and expenses of A-One Travel Service for the year ended August 31, 2016 Fees earned $1,150,000 Office expense 150,000 Miscellaneous expense 45,000 640,000 Wages expense Prepare an income statement for the year ended August 31, 20Y6. A-One Travel Service Income Statement For the Year Ended August 31, 20Y6 Amount Line Item Description X Fees earned Expenses: Wages expense Office expense Miscellaneous expense Total expenses Net income ✓ Feedback Show Me How ✓ 640,000 150,000 45,000 Amount 1,150,000 X 00
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