Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the companys records show the following selected accounts and amounts for the month of December.

Cash	$ 25,280	Dividends	$ 5,920
Accounts receivable	22,290	Consulting revenue	26,930
Office supplies	5,170	Rent expense	9,470
Office equipment	19,920	Salaries expense	5,530
Land	43,950	Telephone expense	780
Accounts payable	10,720	Miscellaneous expenses	440
Common stock	101,100

PART 2

PART 3

Cash	$ 25,280	Dividends	$ 5,920
Accounts receivable	22,290	Consulting revenue	26,930
Office supplies	5,170	Rent expense	9,470
Office equipment	19,920	Salaries expense	5,530
Land	43,950	Telephone expense	780
Accounts payable	10,720	Miscellaneous expenses	440
Common stock	101,100

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 $4,790.

SEE ALL THE DROPDOWNS USUALLY NOT ALL ARE COMPLETE

HELP TODAY Income Statement Assets: Liabilities: Equity: Revenues: \begin{tabular}{|l|l|} \multicolumn{2}{c|}{ HELP TODAY } \\ \hline Statement of Retained Earnings \\ \hline Retained earnings, December 1 \\ \hline Add: Dividends \\ Add: Net income \end{tabular} \begin{tabular}{|l|l|l|l|} \hline & \multicolumn{1}{|c|}{ HELP TODAY } \\ \hline \end{tabular}