Office equipment 7050 Accounts payable M Dexter Capital 12750 M Dexter

Office equipment 7050 accounts payable m dexter

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Office equipment 7,050 Accounts payable $ 0 M. Dexter, Capital 12,750 M. Dexter, Withdrawals 1,000 Fees earned 4,200 Rent expense 525 Totals $ 16,950 $ 16,950 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. (Input all amounts as positive values. Omit the "$" sign in your response.) Cash $ 8,360 D. Lopez, Withdrawals $ 3,000 Accounts receivable 17,000 Consulting fees earned 17,000 Office supplies 3,250 Rent expense 4,550 Land 46,000 Salaries expense 8,000 Office equipment 18,000 Telephone expense 560 Accounts payable 8,000 Miscellaneous expense 280 D. Lopez, Capital, July 31 4,000 Owner investments 80,000 TECH TODAY Income Statement For Month Ended August 31 Revenues: Consulting fees earned $ 17,000 Expenses: Rent expense $ Salaries expense Telephone expense Miscellaneous expenses Total expenses 13,390
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Net income $ 3,610
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