Question

omplete) 7 Required information [The following information applies to the questions displayed below.) 13 Carmen Camry operates a consulting firm called Help Today, which began operations on company's records show the following accounts and amounts for the month of August. 3.57 Cash Accounts receivable Office supplies Land Office equipment Accounts payable $ 25, 240 C. Canry, withdrawals 22,260 Consulting fees earned 5,110 Rent expense 43,920 Salaries expense 19,890 Telephone expense 19,740 Miscellaneous expenses $ 5,870 26,900 9,420 5,490 739 410 Use the above information to prepare an August income statement for the business HELP TODAY Income Statement For Month Ended August 31 Revenues: Consulting fees earned $ 26.900 Total Revenues $ 26,900 Operating expenses Rent expense Salaries expense Telephone expense Miscellaneous expenses 9,420 5,490 730 410 16.050 10.850 $ Total Expenses Net income 27 28 < Prev

Answer 1

Answer
HELP TODAY
Income Statement
For Month Ended August 31
Revenues:
Consulting fees earned	$26,900
Total revenues		$26,900
Operating Expenses:
Rent expense	$ 9,420
Salaries expense	$ 5,490
Telephone expense	$    730
Miscellaneous expense	$    410
Total Expenses		$ 16,050
Net Income		$ 10,850