Dominick Lopez operates a consulting firm called Tech Today. On August 31, the company’s records… 1 answer below »

Dominick Lopez operates a consulting firm called Tech Today. On August 31, the company’s records… 1 answer below »

Dominick Lopez operates a consulting firm called Tech Today. On August 31, the company’s records show the following accounts and amounts for the month of August. Use this information to prepare an August income statement for the business.Cash . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,360D. Lopez, Withdrawals . . . . . . . . . . $ 3,000Accounts receivable . . . . . . . . . . . . . 17,000Consulting fees earned . . . . . . . . . . . 17,000Office supplies . . . . . . . . . . . . . . . . . . 3,250Rent expense . . . . . . . . . . . . . . . . . . . 4,550Land . . . . . . . . . . . . . . . . . . . . . . . . . 46,000Salaries expense . . . . . . . . . . . . . . . . . 8,000Office equipment . . . . . . . . . . . . . . . 18,000Telephone expense . . . . . . . . . . . . . . . . 560Accounts payable . . . . . . . . . . . . . . . . 8,000Miscellaneous expenses . . . . . . . . . . . . . 280D. Lopez, Capital, July 31 . . . . . . . . . . 4,000Owner investments . . . . . . . . . . . . . . . 80,000View Solution:
Dominick Lopez operates a consulting firm called Tech Today On

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