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	$	25,280	C. Camry, Withdrawals	$	5,920
Accounts receivable		22,290	Consulting fees earned		26,930
Office supplies		5,170	Rent expense		9,470
Land		43,950	Salaries expense		5,530
Office equipment		19,920	Telephone expense		780
Accounts payable		10,720	Miscellaneous expenses		440

Exercise 2-18 Preparing a balance sheet LO P3

Use the above information to prepare an August 31 balance sheet for Help Today. Hint: Compute the owners capital account balance as of August 31.

Use the above information to prepare an August 31 balance sheet for Help Today. Hint: Compute the owners capital account balance as of August 31.

HELP TODAY Balance Sheet

HELP TODAY
Balance Sheet
	$0		$0