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 Dividends $25,260 Consulting fees earned 22,270 Rent expense. 5,130 Salaries expense 43,930 Telephone expense: 19,900 Miscellaneous expenses 10, 780 Common stock 5,890 $ 26,910 9,440 5,500 750 420 100, 800 Exercise 2-16 Preparing an Income statement LO C3, P3 Use the above information to prepare an August income statement for the business.

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 Dividends $25,260 Consulting fees earned 22,270 Rent expense. 5,130 Salaries expense 43,930 Telephone expense: 19,900 Miscellaneous expenses 10, 780 Common stock 5,890 $ 26,910 9,440 5,500 750 420 100, 800 Exercise 2-16 Preparing an Income statement LO C3, P3 Use the above information to prepare an August income statement for the business.

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter6: Work Sheet And Adjusting Entries For A Service Business

Section6.1: Creating A Work Sheet

Problem 1WT

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