Carmen Camry operates a consulting firm called help today wh

Carmen Camry operates a consulting firm called help today, which began operations on August 1st. On August the 31st, the company\'s records show The Following accounts and amounts for the month of August. cash $25,280, accounts receivable $22,290, office supplies $5,170, land $43,950, office equipment $19,920, accounts payable $10,720, see you. Camry withdrawals $5,920, Consulting fees earned $26,930, rent expense $9,470, Salaries expense $5,530, telephone expense $780, and miscellaneous expenses for under $440.

Check my work Required information Use the following information for the Exercises below. The following information applies to the questions displayed below, 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. 5,920 26,93e 9,47e 5,53e 788 440 Cash $25,280 C. Camry, Withdrawals Accounts receivable Office supplies Land Office equipment Accounts payable 22,290 Consulting fees earned 5,179 Rent expense 43,950 Salaries expense 19,92e Telephone expense 10,720 Miscellaneous expenses Fxerriesa 2-16 Prenaring an i nrnme statement lC3 p3 C Prev

Solution

Carmen Camry Income statement Particulars Amount in $ Amount in $ Revenue Consulting Fees Earned $          26,930 Less: Operating Expenses `Rent Expenses $                   9,470 Salaries Expenses $                   5,530 Telephone Expenses $                       780 Miscallenous Expenses $                       440 $          16,220 Net Income $          10,710