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Prepare an august income statement for the business

Assignment Help Accounting Basics
Reference no: EM131660619

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

$25,360

C. Camry, Withdrawals

$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

Telephone expense

860

Accounts payable

10,500

Miscellaneous expenses

520

Required - Use the above information to prepare an August income statement for the business.

Reference no: EM131660619

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