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can you explain how you solved these so in the future i will understand 5.000 cash. Cash $1.250 cash per month August 31, the company's

can you explain how you solved these so in the future i will understand image text in transcribed
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5.000 cash. Cash $1.250 cash per month August 31, the company's records show the following selected accounts and amounts for the month of Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August. Use this information to prepare an August income statement for the business. Rent expense Office equipment Accounts payable Salaries expense... Telephone expense C. Camry, Withdrawals 27.000 Miscellaneous expenses Consulting fees earned Accounts receivable Office supplies Land $25,360 22,360 5.250 44,000 $20,000 10,500 6,000 $9,550 5,600 860 520 Use the information in Exercise 2-16 to prepare an August statement of owner's equity for Help Today The owner's capital account balance at August I was so, and the owner invested $102,000 cash in the company on August 2 Use the information in Exercise 2-16 to prepare an August 31 balance sheet for Help Today. Hint: Compute the owner's capital account balance as of August 31

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