At the beginning of September Selena Cantu started Cantu Wea

At the beginning of September, Selena Cantu started Cantu Wealth Ma advice about investing and managing money. On September 30, the a information. Cash Accounts Receivable Office Supplies Office Equipment Accounts Payable Selena Cantu, Capital, September 1, 2019 Fees Income Advertising Expense Salaries Expense Telephone Expense Withdrawals 66,200 8,000 6,800 75,000 11,400 53,400 155, 800 13,000 32,800 1,600 18,000 Prepare an income statement for the month of September 2019 CANTU WEALTH MANAGEMENT CONSULTING Income Statement Month Ended September 30, 2019 Revenue Cash 66,200 8,000 Accounts receivable Expenses Accounts payable Advertising expense $ 11,400 13,000 Total expenses 24.400

Solution

Income Statement: Revenue Fees income 155800 Expenses: Advertisement expense 13000 Salaries expense 32000 Telephone expense 1600 Total expense 46600 Net Income 109200