Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the companys records show the following accounts and amounts for the month of August.

Cash	$	25,300	Consulting fees earned	$	26,940
Accounts receivable		22,310	Rent expense		9,490
Office supplies		5,190	Salaries expense		5,550
Land		43,960	Telephone expense		800
Office equipment		19,940	Miscellaneous expenses		460
Accounts payable		10,800	Common stock		101,200
Dividends		5,940

Use the above information to prepare an August 31 balance sheet for Help Today. (Hint: The ending retained earnings account balance as of August 31 is $4,700.)