(Answered) Question - carmen camry operates a consulting firm called

Accounting

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.

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