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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 selected
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 $ 25,360 22,360 5,250 20,000 44,000 10,500 102,000 Dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses HELP TODAY Income Statement $ 6,000 27,000 9,550 5,600 860 520 Use the above information to prepare a December income statement for the business.
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