Use the following to prepare an income statement for Excel Technology, Inc., for the year ended June 30, 2011:
Service revenues ……………… $62,675
Rent expense …………………… 12,000
Insurance expense ………………… 6,550
Salary expenses ………………… 18,625
Use the following to prepare an income statement for Excel Technology, Inc., for the year ended June 30, 2011:
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