Homework Answers
| JLM Services Income Statement For the month ended August 31, 20Y5 |
||
| Fees Earned | $2,550,000 | |
| Operating Expenses | ||
| Wages Expense | $ 1,612,500 | |
| Supplies Expense | 22,500 | |
| Rent Expense | 240,000 | |
| Miscellaneous Expenses | 41,250 | |
| Total Operating Expenses | 1,916,250 | |
| Net Income | $ 633,750 |
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