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Make August income statement for the business

Assignment Help Accounting Basics
Reference no: EM132564605

Question - 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 $25,200

C. Camry, Withdrawals $5,830

Accounts receivable 22,240

Consulting fees earned 26,880

Office supplies 5,080

Rent expense 9,390

Land 43,890

Salaries expense 5,450

Office equipment 19,860

Telephone expense 690

Accounts payable 10,840

Miscellaneous expenses 390

Use the above information to make August income statement for the business.

Reference no: EM132564605

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