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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 Dividends Consulting revenue $ 25,360 $ 6,000 22,360 27,000 5,250 Rent expense 9,550 Office equipment 20,000 Salaries expense 5,600 Land 44,000 Telephone expense 860 Accounts payable 10,500 Miscellaneous expenses 520 Common stock 102,000 Exercise 2-25 (Static) Preparing an income statement LO P1 Use the above information to prepare a December income statement for the business. HELP TODAY Income Statement As of December 31
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