Required information

Use the following information for Exercises 25-27 below. (Algo)

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Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the companys records show the following selected accounts and amounts for the month of December.

Cash	$ 25,260	C. Camry, Withdrawals	$ 5,890
Accounts receivable	22,270	Consulting revenue	26,910
Office supplies	5,130	Rent expense	9,440
Office equipment	19,900	Salaries expense	5,500
Land	43,930	Telephone expense	750
Accounts payable	10,780	Miscellaneous expenses	420
C. Camry, Capital	100,800

Exercise 2-25 (Algo) Preparing an income statement LO P1

Use the above information to prepare a December income statement for the business.