Safarl File Edit View History Boo ezto mheducation.com Carmen Camry operates a c

Question

Safarl File Edit View History Boo ezto mheducation.com Carmen Camry operates a consulting firm calfied Help Today, which began operations on August 1. Orn August 31, the company's records show the following accounts and amounts for the month of August 5,850 26,890 9,410 5,470 710 400 $ 25,220 C. Camry, Withdrawals 22,250 Consulting fees earned Cash Accounts receivable22250 Consulting fees earned Office supplles Land Office equipment Accounts payable 5100 Rent expense 43,900 Salaries expense 19,870 Telephone expense 10790 Miscellaneous expenses 2. value: 10.00 points Required Information Use the above information to prepare an August income statement for the business. LP TODAY For Month Ended August 31 31

Explanation / Answer

Income statement :

Statement of owner's equity

Balance sheet :

Revenue Consulting fees earned 26890 Expense Rent expense (9410) Salary expense (5470) Telephone expense (710) Miscellenous expense (400) Total expense (15990) Net income 10900

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