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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
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 $ 25,460 Dividends $ 6,130 22,510 Consulting revenue 27,130 5,380 Rent expense 9,690 20,160 Salaries expense 5,710 44,130 Telephone expense 1,010 10,370 Miscellaneous expenses 103,300 620 Use the above information to prepare a December income statement for the business. HELP TODAY Assets: Liabilities: Equity: Revenues: Income Statement 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 $ 25,460 Dividends $ 6,130 22,510 Consulting revenue 27,130 5,380 Rent expense 9,690 20,160 Salaries expense 5,710 44,130 Telephone expense 1,010 10,370 Miscellaneous expenses 103,300 620 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 $10,100. HELP TODAY Statement of Retained Earnings Retained earnings, December 1 0 Add: Dividends $ 0 Add: Net income 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 $ 25,460 Dividends. $ 6,130 22,510 Consulting revenue 27,130 5,380 Rent expense 9,690 Office equipment Land Accounts payable Common stock 44,130 Telephone expense 103,300 20,160 Salaries expense. 5,710 1,010 10,370 Miscellaneous expenses 620 Use the above Information to prepare a December 31 balance sheet for Help Today. Hint The ending Retained Earnings account balance as of December 31 is $3,970. As of December 31 For the Month Ended December 31 HELP TODAY Balance Sheet 0 $ 0 S 0
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