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The revenues and expenses of Paradise Travel Service for the year ended May 31, 20Y6, follo Fees earned Office expense Miscellaneous expense Wages expense $900,000 300,000 15,000 450,000

The revenues and expenses of Paradise Travel Service for the year ended May 31, 20Y6, follo Fees earned Office expense Miscellaneous expense Wages expense $900,000 300,000 15,000 450,000

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 revenues and expenses of Paradise Travel Service for the year ended May 31, 2016, follow: Fees earned Office expense Miscellaneous expense Wages expense Prepare an income statement for the year ended May 31, 2016. Paradise Travel Service Income Statement For the Year Ended May 31, 20Y6 $ Expenses: $900,000 300,000 15,000 450,000 Total expenses
Transcribed Image Text:Income Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 2016, follow: Fees earned Office expense Miscellaneous expense Wages expense Prepare an income statement for the year ended May 31, 2016. Paradise Travel Service Income Statement For the Year Ended May 31, 20Y6 $ Expenses: $900,000 300,000 15,000 450,000 Total expenses
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