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0 Required information [The following information applies to the questions displayed below] Carmen Camry operates a consulting firm called Help Today, which began operations
0 Required information [The following information applies to the questions displayed below] Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the company's records show the following selected accounts and amounts for the month of December. Cash Accounts receivable Office supplies office equipment Land Accounts payable Common stock $ 25,200 Dividends 22,240 Consulting revenue 5,080 Rent expense 19,860 Salaries expense) 43,890 Telephone expense 10,840 Miscellaneous expenses 100,300 $ 5,830 26,880 9,390 5,450 690 390 Use the above information to prepare a December income statement for the business. Note from Dr. Beck: Some of the lines may be left blank in a correct solution. For example, under the "Expenses" heading there are six lines in which you can list expenses under this heading (note that the seventh line is for the total expenses). You will not necessarily need to list an expense in all six lines (Le.. one or more of the lines may be left blank in a correct solution). The same may apply to Revenues. Note that this may apply to any financial statement in this and other homework questions.
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