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6 Saved Chapter 2 Homework 6 Required Information Use the following information for the Exercises below. The following information applies to the questions displayed below)
6 Saved Chapter 2 Homework 6 Required Information Use the following information for the Exercises below. The following information applies to the questions displayed below) Carmen Camry operates a consulting firm called Help Today, which began operations on August.1. On August 31, the company's records show the following accounts and amounts for the month of August. Part 2 of 3 12.5 points Cash Accounts receivable office supplies Land office equipment Accounts payable Dividends $ 25, 370 Consulting fees earned 22, 370 Rent expense 5,260 salaries expense 44,010 Telephone expense 20,020 Miscellaneous expenses 10,540 Common stock 6,020 $ 27, 010 9,570 5,620 880 530 102,100 eBook References Exercise 2-17 Preparing a statement of retained earnings LO P3 Use the above information to prepare an August statement of retained earnings for Help Today. (Hint: Net Income for August is $10.410.) HELP TODAY Statement of Retained Earnings 0 $ 0
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