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Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following selected accounts and amounts for the month of August. Cash Accounts receivable Office supplies $ 25,480 Dividends 22,520 Consulting fees earned $ 6,140 27,140 5,390 Rent expense 9,710 Land 44,150 Salaries expense 5,730 Office equipment 20,170 Telephone expense 1,030 Accounts payable Common stock 12,020 Miscellaneous expenses 101,800 640 Exercise 2-16 Preparing an income statement LO C3, P3 Use the above information to prepare an August income statement for the business. HELP TODAY Income Statement For Month Ended August 31 Revenues: S
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