Carmen Camry operates a consulting firm called Help Today. On August 31, the company’s records show...
Carmen Camry operates a consulting firm called Help Today. On August 31, the company’s records show the following accounts and amounts for the month of August. Use this information to prepare an
August income statement for the business.
Homework Answers
Income statement for the business of HT I shown as under:
| HY | ||
| Income statement | ||
| For the Month Ended August 31 | ||
| Particulars | Amount ($) | Amount ($) |
| Consulting fees Earned |
| 27,000 |
| Operating expenses: |
|
|
| Salaries Expense | 5,600 |
|
| Rent expense | 9,550 |
|
| Telephone Expense | 860 |
|
| Miscellaneous Expense | 520 |
|
| Total Operating expense |
| 16,530 |
| Net Income |
| 10,470 |
Income statement is the statement where all the expenses and revenues are shown to calculate the Net Profit.
All the transactions affecting balance sheet such as Assets and Liabilities are not shown in the Income statement.
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Carmen Camry operates a consulting firm called Help Today. On August 31, the company’s records show...
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On...
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 $ 25,480 Consulting fees earned $ 27,140 Accounts receivable 22,520 Rent expense 9,710 Office supplies 5,390 Salaries expense 5,730 Land 44,150 Telephone expense 1,030 Office equipment 20,170 Miscellaneous expenses 640 Accounts payable 12,020 Common stock 101,800 Dividends 6,140 Use the above information to prepare an August statement...
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On...
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...
Carmen Camry operating consulting firm called help today which began operations on August 1st. on August...
Carmen Camry operating consulting firm called help
today which began operations on August 1st. on August 31st the
company's records show the following selected accounts and the
amounts for the month of August. use the above of information to
prepare an August income statement for the business.
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On...
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 selected accounts and amounts for the month of August.
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On...
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 $ 25,330 c. Camry, Withdrawals 22,330 Consulting fees earned 5,210 Rent expense 43,930 Salaries expense 19,970 Telephone expense 10,730 Miscellaneous expenses $5,960 26.970 9,510 5,580 80e 499 Exercise 2-17 Preparing a statement of owner's equity LO P3 Use...
The following information applies to the questions displayed below. Carmen Camry operates a consulting firm called...
The following information applies to the questions displayed below. 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. $ 25,390 C. Camry, Withdrawals 22,390 Consulting fees earned Cash Accounts receivable Office supplies Land Office equipment Accounts payable 5,280 Rent expense 44,030 Salaries expense 20,030 Telephone expense 10,580 Miscellaneous expenses $ 6,030 27,020 9,580 5,630 900 540 Use...
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On...
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, 270 Consulting fees earned 22,280 Rent expense 5,150 Salaries expense 43,940 Telephone expense 19,910 Miscellaneous expenses 10,700 Common stock 5,910 $ 26,920 9,460 5,510 760 430 101,000 Use the above information to prepare an August...
[The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called...
[The following information applies to the questions displayed below.] 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 $ 25, 310 C. Camry, withdrawals 22,32e Consulting fees earned 5,200 Rent expense 43,970 salaries expense 19,960 Telephone expense 10,7ee Miscellaneous expenses $5.950 26,960 9,5ee 5,560 820 470 Use...
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On...
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 $ 25,310 Consulting fees earned 22,320 Rent expense 5,200 Salaries expense 43,970 Telephone expense 19,969 Miscellaneous expenses 10,700 Common stock 5,950 $ 26,960 9,500 5,560 820 470 101,400 Exercise 2-18 Preparing a balance sheet LO P3 Use...
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On...
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On A company's records show the following accounts and amounts for the month of August Cash Accounts receivable Office supplies Land Office equipment Accounts payable 25,370 Consulting fees earned s 27,010 9,570 5,620 880 530 102,100 22,370 Rent expense 5,260 Salasies expense 44,010 Telephone expense 20,020 Miscellaneous expenses 10,540 Common stock Dividends 6,020 Exercise 2-18 Preparing a balance sheet LO P3 Use the above information...
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...
Carmen Camry operating consulting firm called help
today which began operations on August 1st. on August 31st the
company's records show the following selected accounts and the
amounts for the month of August. use the above of information to
prepare an August income statement for the business.
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 selected accounts and amounts for the month of August.
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 $ 25,330 c. Camry, Withdrawals 22,330 Consulting fees earned 5,210 Rent expense 43,930 Salaries expense 19,970 Telephone expense 10,730 Miscellaneous expenses $5,960 26.970 9,510 5,580 80e 499 Exercise 2-17 Preparing a statement of owner's equity LO P3 Use...
The following information applies to the questions displayed below. 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. $ 25,390 C. Camry, Withdrawals 22,390 Consulting fees earned Cash Accounts receivable Office supplies Land Office equipment Accounts payable 5,280 Rent expense 44,030 Salaries expense 20,030 Telephone expense 10,580 Miscellaneous expenses $ 6,030 27,020 9,580 5,630 900 540 Use...
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, 270 Consulting fees earned 22,280 Rent expense 5,150 Salaries expense 43,940 Telephone expense 19,910 Miscellaneous expenses 10,700 Common stock 5,910 $ 26,920 9,460 5,510 760 430 101,000 Use the above information to prepare an August...
[The following information applies to the questions displayed below.] 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 $ 25, 310 C. Camry, withdrawals 22,32e Consulting fees earned 5,200 Rent expense 43,970 salaries expense 19,960 Telephone expense 10,7ee Miscellaneous expenses $5.950 26,960 9,5ee 5,560 820 470 Use...
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 $ 25,310 Consulting fees earned 22,320 Rent expense 5,200 Salaries expense 43,970 Telephone expense 19,969 Miscellaneous expenses 10,700 Common stock 5,950 $ 26,960 9,500 5,560 820 470 101,400 Exercise 2-18 Preparing a balance sheet LO P3 Use...
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On A company's records show the following accounts and amounts for the month of August Cash Accounts receivable Office supplies Land Office equipment Accounts payable 25,370 Consulting fees earned s 27,010 9,570 5,620 880 530 102,100 22,370 Rent expense 5,260 Salasies expense 44,010 Telephone expense 20,020 Miscellaneous expenses 10,540 Common stock Dividends 6,020 Exercise 2-18 Preparing a balance sheet LO P3 Use the above information...
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