Required information

Skip to question

[The following information applies to the questions displayed below.] 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	$ 25,400	Dividends	$ 6,040
Accounts receivable	22,410	Consulting revenue	27,040
Office supplies	5,300	Rent expense	9,590
Office equipment	20,050	Salaries expense	5,640
Land	44,040	Telephone expense	920
Accounts payable	10,500	Miscellaneous expenses	550
Common stock	102,400

Use the above information to prepare a December income statement for the business