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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
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 $ 25,410 Dividends $ 6,050 22,420 Consulting revenue 27,060 5,320 Rent expense 9,610 20,060 Salaries expense 5,650 44,050 Telephone expense 940 10,510 Miscellaneous expenses 102,500 560 Exercise 2-25 (Algo) Preparing an income statement LO P1 Use the above information to prepare a December income statement for the business. HELP TODAY Income Statement For Month Ended December 31 Accounts payable
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