Income Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 2018, follow: Fees earned $900,000 Office expense 300,000 Miscellaneous expense 15,000 Wages expense 450,000 Prepare an income statement for the year
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The following information for the year ended December 31, 2016, was reported by Nice Bite, Inc. Accounts Payable$53,000 Accounts Receivable 30,800 Cash (balance on January 1, 2016) 108,900 Cash (balance on December 31, 2016) 93,000 Common Stock
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