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

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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 $ 25,240 Consulting fees earned 22,260 Rent expense 5,110 Salaries expense 43,920 Telephone expense 19,890 Miscellaneous expenses 10,740 Common stock 5,870 $ 26,900 9,420 5,490 730 410 100,700 Exercise 2-16 Preparing an income statement LO C3, P3 Use the above information to prepare an August income statement for the business. HELP TODAY Income Statement

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