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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

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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 selected accounts and amounts for the month of December. Cash Accounts receivable Office supplies Office equipment Land Accounts payable C. Camry, Capital $ 25,270 C. Camry, Withdrawals $ 5,910 22,280 Consulting revenue 5,150 Rent expense 26,920 9,460 19,910 Salaries expense 5,510 43,940 Telephone expense 760 10,700 Miscellaneous expenses 430 101,000 Use the above information to prepare a December statement of owner's equity for Help Today. The C. Camry, Capital account balance at December 1 was $0, and the owner invested $101,000 in the company on December 2. Hint: Net income for December is $10,760. HELP TODAY Statement of Owner's Equity C. Camry, Capital, December 1 $ 0

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