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 $ 25,460 Consulting fees earned $ 27,130

Accounts receivable 22,510 Rent expense 9,690

Office supplies 5,380 Salaries expense 5,710

Land 44,130 Telephone expense 1,010

Office equipment 20,160 Miscellaneous expenses 620

Accounts payable 10,370 Common stock 103,300

Dividends 6,130

Use the above information to prepare an August statement of retained eamings for Help Today. (Hint Net income for August is sro,100) Statement of Retained Earnings Prey 23 Next>