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3 [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on December
3 [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. Dividends Consulting revenue Cash $ 25,360 $ 6,000 Accounts receivable 22, 360 27,000 Office supplies 5,250 Rent expense 9,550 Office equipment 20,000 Salaries expense 5,600 Land 44,000 Telephone expense 860 Accounts payable 10,500 Miscellaneous expenses 520 Common stock 102,000 Use the above information to prepare a December income statement for the business. Revenues Consulting revenue Total Revenues Expenses: Answer is not complete. HELP TODAY Income Statement Telephone expense Salaries expense Rent expense Miscellaneous expenses Total Expenses Net income 00 $27,000 $ 27,000 $ 860 5,600 9,550 520 16,530
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