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 31st, the company\'s records show The Following accounts and amounts for the month of August. Cash $25 to an $80, accounts receivable $22,029, office supplies $5,000, land for $3,950, office equipment $19,920, accounts payable $10,720, see Camry withdrawals $5,920, Consulting fees earned $26,930, rent expense $9470, salaries expense $5,530, telephone expense $780, and miscellaneous expenses $440. use the above information to prepare an August statement of owner\'s equity for help today. The owners Capital account balance at July 31st was $0. the owner invested $101,100 cash in the company on August 1st.

balance at July 31 was 50, and the owner invested $101.100 cash in the company on August 1 Part 2 of 3 HELP TODAY Statement of Owner\'s Equity 13 points eBoox

Solution

Calculate net income :

Statement of owner\'s equity :

Consulting fees earned	26930
Less: rent expense	-9470
Less: Salary expense	-5530
Less; Telephone expense	-780
Less; Miscellaneous expense	-440
Net income	10710