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Use the following information for Exercises 25-27 below. (Static) [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called
Use the following information for Exercises 25-27 below. (Static) [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 office supplies Office equipment Land Accounts payable Common stock $ 25,360 Dividends 22,360 Consulting revenue 5,250 Rent expense 20,000 Salaries expense 44,000 Telephone expense 10,500 Miscellaneous expenses 102,000 Exercise 2-25 (Static) Preparing an income statement LO P1 Revenues: Use the above information to prepare a December income statement for the business. $ 6,000 27,000 9,550 5,600 860 520 HELP TODAY Income Statement As of December 31
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