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The following information applies to the questions displayed below An analysis of transactions made during July by Nepco, an Internet service provider, during its first month of operations is shown below. Increases and decreases affecting revenues and expenses are explained Accounts Receivable Supplies quipent Accounts Payable Stockholders' Equity Retained Earnings -19,000 46,200 -750 Utilities expense 16,200 Service revenue +6,500 SeSSeSSees 700 1,200 Service revenue -1,160 -3.660 Wage expense -1,160 Rent expense 4,215 700 14,650 2-a. Prepare an income statement as of July 31. NEPCO Income Statement For the Month Ended July 31 Service Revenue Utilities Expense
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