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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 selected
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 Land Office equipment Accounts payable Common stock 25,430 Dividends 22,450 Consulting fees earned 5,340 Rent expense 44,080 Salaries expense 20,100 Telephone expense 10,480 Miscellaneous expenses 102,800 $ 6,000 27,080 9,640 5,680 970 590 rcise 2-16 Preparing an income statement LO C3, P3 the above information to prepare an August income statement for the business. HELP TODAY Income Statement
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