Hercules services was organized on november 1 2006 a

Question

Question: Hercules Services was organized on November 1, 2006. A summary of the revenue and expense transactions for November follows:

Fees earned                            $232,120

Wages expense                         100,100

Miscellaneous expense                   3,150

Rent expense                             35,000

Supplies expense                          4,550

Prepare an income statement for the month ended November 30.