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Abd El Hakim operates a consulting firm called Al Tayer Today, which began operations on August 1. On August 31, the company's records show the
Abd El Hakim operates a consulting firm called Al Tayer Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August. $ Cash Accounts receivable Office supplies Land Office equipment Accounts payable $ 25,280 Abd El Hakim, Withdrawals 22,290 Consulting fees earned 5,170 Rent expense 43,950 Salaries expense 19,920 Telephone expense 10,720 Miscellaneous expenses 5,920 26,930 9,470 5,530 780 440 A. Use the above information to prepare an August income statement for the business. B. Use the above information to prepare an August statement of owner's equity for Al Tayer (Al Taver Todav: beain with Abd El Hakim. Capital. July 31 of $0. (The owner invested $101,100 cash in the company on August 1.)) C. Use the above information to prepare an August 31 balance sheet for Al Tayer Today
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