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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 10,370 Telephone expense Miscellaneous expenses 1,010 620 103,300 Use the above information to prepare a December income statement for the business. HELP TODAY Income Statement For Month Ended December 31 Revenues: Consulting revenue Total Revenues Expenses Rent expense Salaries expense Telephone expense Miscellaneous expenses Total Expenses Net income. $ 27,130 $ 9,690 5,710 1,010 620 $ 27,130 17,030 $ 10,100
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