! Required information [The following information applies to the questions displayed below.] Carmen Camry operates a...
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! Required information [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 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 $ 25,450 Dividends 22,490 Consulting revenue $ 6,120 27,110 5,370 Rent expense 20,140 Salaries expense 9,680 5,700 44,120 Telephone expense 990 10,460 Miscellaneous expenses 103,100 610 Use the above information to prepare a December income statement for the business. Use the above information to prepare a December statement of retained earnings for Help Today. The Retained Earnings account balance at December 1 was $0. Hint: Net income for December is $10,130. HELP TODAY Statement of Retained Earnings Retained earnings, December 1 0 0 ! Required information [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 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 $ 25,450 Dividends 22,490 Consulting revenue $ 6,120 27,110 5,370 Rent expense 20,140 Salaries expense 9,680 5,700 44,120 Telephone expense 990 10,460 Miscellaneous expenses 103,100 610 Use the above information to prepare a December income statement for the business. Use the above information to prepare a December statement of retained earnings for Help Today. The Retained Earnings account balance at December 1 was $0. Hint: Net income for December is $10,130. HELP TODAY Statement of Retained Earnings Retained earnings, December 1 0 0
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