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[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
[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 selected accounts and amounts for the month of August. $ Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock 25,430 Dividends 22,45 Consulting fees earned 5,340 Rent expense 44,088 Salaries expense 20,100 Telephone expense 10,480 Miscellaneous expenses 102,800 $ 6,080 27,080 9,640 5,680 970 590 Use the above information to prepare an August income statement for the business. HELP TODAY Income Statement
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