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0.50/1 Points 50 % Questions 5-7 (of 7) The following information applies to the questions...

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Accounting

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0.50/1 Points 50 % Questions 5-7 (of 7) The following information applies to the questions displayed below. On October 1, Youssef Salem organized Salem Consulting; on October 3, the owner contributed $83,540 in assets to launch the business, On October 31, the company's records show the following items and amounts. Cash Accounts recelvable Office supplies Land Office equipment Accounts payable Owner investments $12.650 Cash withdrawals by owner $ 1,570 13,520 3,110 6,490 850 660 13,520 2,850 45,940 17,530 Consulting fees earned Rent expense Salaries expense Telephone expense 8,110 Miscellaneous expenses 83,540 5 Award: O out of 0.14 points Show correct answer Using the above information prepare an October income statement for the business. SALEM CONSULTING

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