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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 $ 25,480 Dividends 22,520 Consulting revenue 5,390 Rent expense $ 6,140 27,140 Office supplies Office equipment Land Accounts payable Common stock 44,150 Telephone expense 9,710 20,170 Salaries expense 5,730 1,030 12,020 Miscellaneous expenses 101,800 640 Use the above information to prepare a December income statement for the business. HELP TODAY Income Statement As of December 31 0
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