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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
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. Use this information to prepare an August statement of retained earnings for Help Today. (Amounts to be deducted should be entered with a minus sign.) Cash $ 25,360 Dividends $ 6,000 Accounts receivable 22,360 Consulting fees earned 27,000 Office supplies 5,250 Rent expense 9,550 Land 44,000 Salaries expense 5,600 Office equipment 20,000 Telephone expense 860 Accounts payable 10,500 Miscellaneous expense 520 Common stock 102,000 Retained earnings, August 31
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