Required information [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the company's records show the following selected accounts and amounts for the month of December. Cash $ 25,220 Dividends $ 5,850 Accounts receivable 22,250 Consulting revenue 26,890 Office supplies 5,100 Rent expense 9,410 19,870 Office equipment Land Salaries expense 5,470 43,900 Telephone expense 710 Accounts payable 10,790 Miscellaneous expenses 400 Common stock 100,500 Use the above information to prepare a December income statement for the business.
Required information [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the company's records show the following selected accounts and amounts for the month of December. Cash $ 25,220 Dividends $ 5,850 Accounts receivable 22,250 Consulting revenue 26,890 Office supplies 5,100 Rent expense 9,410 19,870 Office equipment Land Salaries expense 5,470 43,900 Telephone expense 710 Accounts payable 10,790 Miscellaneous expenses 400 Common stock 100,500 Use the above information to prepare a December income statement for the business.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter3: Basic Accounting Systems: Accrual Basis
Section: Chapter Questions
Problem 2SEQ: On January 24, 20Y8, Niche Consulting collected $5,700 it had hilled its clients for services...
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