- On your own words, explain the purpose and the importance of the income statement,...
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Accounting
- On your own words, explain the purpose and the importance of the income statement, and prepare the income statement for Max company based on the following information taken from the trial balance in December 2018 (2 Marks)
| Revenue |
| 70,000 |
| Supplies expense | 3,000 |
|
| Rent expense | 6,000 |
|
| Wages expense | 22,000 |
|
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