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Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the companys records show the following selected
Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the companys records show the following selected accounts and amounts for the month of December.
Cash | $ 25,220 | Dividends | $ 5,850 |
Accounts receivable | 22,250 | Consulting revenue | 26,890 |
Office supplies | 5,100 | Rent expense | 9,410 |
Office equipment | 19,870 | Salaries expense | 5,470 |
Land | 43,900 | Telephone expense | 710 |
Accounts payable | 10,790 | Miscellaneous expenses | 400 |
Common stock | 100,500 |
Use the above information to prepare a December income statement for the business.
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