Required information The following information applies to the questions displayed below.) Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August Cash Accounts receivable office supplies Land Office equipment Accounts payable $ 25,300 C. Camry, Withdrawals 22,310 Consulting fees earned 5,190 Rent expense 43,960 Salaries expense 19,940 Telephone expense 10,800 Miscellaneous expenses $ 5,940 26,940 9,490 5,550 800 460 Use the above information to prepare an August income statement for the business. HELP TODAY Income Statement Revenues Consulting fees eamed $ 26,940 $ 26,940 Total Revenues Expenses Rent expense Salaries expense Telephone expense Miscellaneous expenses 9,490 5,550 800 460 Total Expenses Net income 16,300 10,640 $ Required information [The following information applies to the questions displayed below. Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August. Cash Accounts receivable office supplies Land Office equipment Accounts payable $ 25,300 c. Camry, withdrawals 22,310 Consulting fees earned 5,190 Rent expense 43,960 Salaries expense 19,940 Telephone expense 10,800 Miscellaneous expenses $ 5,940 26,940 9,490 5,550 800 460 Use the above information to prepare an August statement of owner's equity for Help Today. The owner's capital account balance at July 31 was $0, and the owner invested $101,200 cash in the company on August 1. HELP TODAY Statement of Owner's Equity $ t. Camry, Capital July 31 Add: Investment by owner Add Net income 0 101.200 10,640 111,840 5,940 Leo Withdrawals by owner C. Cummy. Cupital. August 31 $ 105 900 Required Information [The following information applies to the questions displayed below) Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August. Cash Accounts receivable office supplies Land office equipment Accounts payable $ 25,300 C. Camry, withdrawals 22,310 Consulting fees earned 5,190 Rent expense 43,960 Salaries expense 19,940 Telephone expense 10,800 Miscellaneous expenses $ 5,940 26,940 9,490 5,550 800 460 Use the above information to prepare an August 31 balance sheet for Help Today. Hint Compute the owner's capital account balance as of August 31 HELP TODAY Balance Sheet $ 10.800 pocounts receivable Orice supplies and i equipment Liabilities: 25,300 Accounts payable 22 310 5.190 Equity: 43.960 C. Camry, Capital 19.940 105,900 S 116.700 Total Liabilities and Equity $ 116.700
