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 $ 25,240 Dividends $ 5,870
Accounts receivable 22,260 Consulting fees earned 26,900
Office supplies 5,110 Rent expense 9,420
Land 43,920 Salaries expense 5,490
Office equipment 19,890 Telephone expense 730
Accounts payable 10,740 Miscellaneous expenses 410
Common stock 100,700
Use the Above information to Prepare an August income statement for the Business.
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