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Accounting
Prepare an income statement for Urgent Messenger Service.

Prepare an income statement for Urgent Messenger Service.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Income Statement The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended November 30, 20Y1: Depreciation Expense $10,000 531,000 Fees Earned Insurance Expense 1,900 Miscellaneous Expense 4,000 76,000 267,000 3,400 29,000 Rent Expense Salaries Expense Supplies Expense Utilities Expense Prepare an income statement for Urgent Messenger Service. Urgent Messenger Service Income Statement For the Year Ended November 30, 20Y1 Fees earned 65,390 Expenses: Total expenses
Transcribed Image Text:Income Statement The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended November 30, 20Y1: Depreciation Expense $10,000 531,000 Fees Earned Insurance Expense 1,900 Miscellaneous Expense 4,000 76,000 267,000 3,400 29,000 Rent Expense Salaries Expense Supplies Expense Utilities Expense Prepare an income statement for Urgent Messenger Service. Urgent Messenger Service Income Statement For the Year Ended November 30, 20Y1 Fees earned 65,390 Expenses: Total expenses
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