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Required information (The following information applies to the questions displayed below.) Carmen Camry operates a consulting
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Help Today

Statement of Owner’s Equity

Help Today Statement of Owners Equity As on August 31 Capital, Aug 1 $101,400 Add: net income $10,610 Sub-total $112,010 Les

Computation of net income –

Consulting Fee Earned $26,960

Expenses:

Rent expense $9,500

Salaries expense 5,560

Telephone expense 820

Misc. expenses 470

Total expenses 16,350

Net Income $10,610

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