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Exercise 2.8 Preparing an income statement. LO 2-4 At the beginning of September Seiena Cantu started Cantu Wealth Management Consulting, a fim that offers financial
Exercise 2.8 Preparing an income statement. LO 2-4 At the beginning of September Seiena Cantu started Cantu Wealth Management Consulting, a fim that offers financial r. Selena Cantu started Cantu Wealth Management Consulting, a firm that offers financial planning and advice about investing and managing money On September 30, the accounting records of the business showed the following information Cash Accounts Receivable office Supplies Office Equipment Accounts Peyable Selena Cantu, Capital, septemper 1 2019 Fees Income Advertising Expense Salaries Expense Telephone Expense Withdrawals s 67,8e0 9,6e0 8,400 76,600 13,000 55,000 157,400 14,600 33, 600 2200 19,600 Prepare an income statement for the month of September 2019. CANTU WEALTH MANAGEMENT CONSULTING Income Statement Month Ended September 30, 2019 Revenue Fees income $ 157,400 Expenses $ 14,600 33,600 3.200 Salaries expense Telephone expense Advertising expense Accounts payable Total expenses 51 400 S 106.000 Net income
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