Question
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the companys records show the following accounts
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the companys records show the following accounts and amounts for the month of August. Cash $ 25,280 C. Camry, Withdrawals $ 5,920 Accounts receivable 22,290 Consulting fees earned 26,930 Office supplies 5,170 Rent expense 9,470 Land 43,950 Salaries expense 5,530 Office equipment 19,920 Telephone expense 780 Accounts payable 10,720 Miscellaneous expenses 440 Exercise 2-16 Preparing an income statement LO C3, P3 Use the above information to prepare an August income statement for the business.
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