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. Use this information to prepare an August income statement for the business.

Cash $ 25,360
Dividends $6,000
Accounts receivable 22,360
Consulting fees earned 27,000
Office supplies 5,250
Rent expense 9,550
Land 44,000
Salaries expense 5,600
Office equipment 20,000

Answer 1

Please find the Income Statement detailed bellow:

Step-by-step explanation:

• Consulting fees earned $27,000
• Office supplies -$ 5,250
• Rent expense -$ 9,550
• Salaries expenses -$ 5,600
• ==============================
• Total Income $ 6.600

Assets

Cash : $25.360

Accounts Receivables: 22.360

Land: $44.000

Office Equipment: $20.000

Dividends: $ 6.000