WHY ANSWER IS NOT COMPLETE?

2 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. Part 1 of 3 Cash $ 25, 360 Dividends $ 6,000 Accounts receivable 22,360 Consulting revenue 27,900 Office supplies 5,250 Rent expense 9, 550 office equipment 20,000 Salaries expense 5, 600 30 Land 44,000 Telephone expense 860 points Accounts payable 10,500 Miscellaneous expenses 520 Common stock 102,000 Use the above information to prepare a December income statement for the business. x Answer is not complete. HELP TODAY Income Statement Revenues: Consulting revenue $ 27,000 Total Revenues $ 27,000 Expenses V Salaries expense $ 5,600 Miscellaneous expenses 520 Rent expense 9,550 Telephone expense 860 Total Expenses 16,530 Net income 10,470 Mc3 Required information Part 2 of 3 [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, 30 the company's records show the following selected accounts and amounts for the month of December. points Cash $ 25, 360 Dividends 6 , 090 Accounts receivable 22, 360 Consulting revenue 27,900 Office supplies 5, 250 Rent expense 9 ,550 Office equipment 20,000 Salaries expense 5, 600 Land 44,000 Telephone expense 860 Accounts payable 10,500 Miscellaneous expenses 520 Common stock 102, 000 Use the above information to prepare a December statement of retained earnings for Help Today. The Retained Earnings account balance at December 1 was $0. Hint. Net income for December is $10,470. x Answer is not complete. HELP TODAY Statement of Retained Earnings Retained earnings, December 1 $ Add: Net income 10,470 10,470 Less: Dividends 6,000) Retained earnings, December 31 4,470 Mc Graw