Dominick Lopez operates a consulting firm called Tech Today. On August 31, the company's financial information is shown below. Use this information to prepare an August income statement for the business.

Exercise 2-13 Preparing an income statement LO. C3, P3

Dominick Lopez operates a consulting firm called Tech Today. On August 31, the company's financial information is shown below. 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	Dividends	$	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 expenses		280
Common Stock		4,000	Owner investments in company		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
Net income		$ 3,610