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 |
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