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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

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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. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Dividends $ 25,440 Consulting fees earned 22,470 Rent expense 5,360 Salaries expense 44,100 Telephone expense 20,120 Miscellaneous expenses 10,420 Common stock 6,100 $ 27,100 9,660 5,690 980 600 103,000 Use the above information to prepare an August statement of retained earnings for Help Today (Hint: Net Income for August is $10,170) HELP TODAY Statement of Retained Earnings 0 $ 0

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