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Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the company's records show the following
Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the company's records show the following selected accounts and amounts for the month of December. Cash Accounts receivable Office supplies Office equipment Land Accounts payable Common stock $ 25,390 22,390 Dividends Consulting revenue 5,280 Rent expense Salaries expense 20,030 44,030 Telephone expense 10,580 102,200 Miscellaneous expenses $ 6,030 27,020 9,580 5,630 900 540 Use the above information to prepare a December 31 balance sheet for Help Today. Hint. The ending Retained Earnings account balance as of December 31 is $4,340. Expenses: Rent expense Salaries expense Telephone expense Miscellaneous expenses Answer is not complete. HELP TODAY Balance Sheet Revenues: $ 9,580 Consulting revenue 5,630 $ 27,020 X 900 540 x 27,020 0 $ 16,650 $ 27,020
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