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Unformatted text preview: Instructions Prepare a correct income statement for July 2008. (List amounts from largest to smallest eg 10, 5, 3, 2. Enter all amounts as positive amounts and subtract where necessary.) Benning Co. Income Statement For the month ended July 31, 2008 Revenues Service Revenue $ 6000 Expenses Wages Expense $ 2600 Supplies Expense 1000 Utilities Expense 600 Insurance Expense 400 Depreciation Expense 150 Total Expenses 4750 Net income $ 1250...
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