D cins in the ousiness but did withdraw $15,000 during the year. c. Owner made no withdrawals during the year, but the owner did invest an additional $55,000 cash. d. Owner withdrew $15,000 during the year, but the owner did invest an additional $35,000 cash near year-end. Exercise 2-25 Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the company's records show the following selected accounts and amounts for the month of Preparing an income December. Use this information to prepare a December income statement for the business. statement P1 Cash Accounts receivable. Office supplies $25,360 22,360 Accounts payable.... C. Camry, Capital. $ 10,500 102,000 6,000 Salaries expense Telephone expense. Miscellaneous expenses. $5,600 860 5,250 C. Camry, Withdrawals Office equipment.. 20,000 Consulting revenue 27,000 Land 44,000 Rent expense 9,550 Check Net income, $10,470 520
