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Carmen Camry operates a consulting firm called Help Today, which began operations on August 1....

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Accounting

Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the companys records show the following selected accounts and amounts for the month of August. Cash $ 25,410 Dividends $ 6,050 Accounts receivable 22,420 Consulting fees earned 27,060 Office supplies 5,320 Rent expense 9,610 Land 44,050 Salaries expense 5,650 Office equipment 20,060 Telephone expense 940 Accounts payable 10,510 Miscellaneous expenses 560 Common stock 102,500 Use the above information to prepare an August income statement for the business.

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