Carmen Camry operates a consulting firm called help today, which began operation
ID: 2604977 • Letter: C
Question
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 eBooxExplanation / Answer
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