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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. $ 25,200 Dividends 22,240 Consulting revenue Cashi $ 5,830 Accounts receivable 26,880 Office supplies 5,080 Rent expense 9,390 Office equipment 19,860 Salaries expense 5,450 Land 43,890 Telephone expense 690 Accounts payable 10,840 Miscellaneous expenses 390 Common stock 100,300 Exercise 2-27 (Algo) Preparing a balance sheet LO P1 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 $5,130. HELP TODAY Balance Sheet 0
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