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Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help

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Use the following information for the Exercises below. [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 accounts and amounts for the month of August. Cash Accounts receivable Office supplies Land Office equipment Accounts payable $ 25, 480 C. Camry, Withdrawals 22,520 Consulting fees earned 5,390 Rent expense 44,150 Salaries expense 20,170 Telephone expense 12,020 Miscellaneous expenses $ 6,140 27,140 9,710 5,730 1,030 640 Exercise 2-16 Preparing an income statement LO C3, P3 Use the above information to prepare an August income statement for the business. HELP TODAY Income Statement

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