Carmen Camry operates a consulting firm called Help Today, which began operations on August 1 On August 31, the company's records show the following selected accounts and amounts for the month of August. $ Cash Accounts receivable Office Supplies Land Office equipment Accounts payable Common stock 25,220 Dividends 22,250 Consulting fees earned 5,100 Rent expense 43,900 Salaries expense 19,870 Telephone expense 10,790 Miscellaneous expenses 100,500 $ 5,850 26,890 9,410 5, 470 710 400 Exercise 2-18 Preparing a balance sheet LO P3 Use the above information to prepare an August 31 balance sheet for Help Today HELP TODAY Balance Sheet $ 10,700 Assets Cash 'Accounts receivable omce supplies Land office equipment Liabilities: 25.220 Accounts payable 22,250 5.100 Equity 43,900 19.870 105,550 Total equity 105,550