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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 accounts
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 accounts and amounts for the month of August. Cash s 25,248 C. Camry, Withdrawals 22,268 Consulting fees earned 5,118 Rent expense 43,928 Salaries expense 19,898 Telephone expense 18,748 Miscellaneous expenses S5,878 26,980 Accounts receivable Office supplies Land 9,428 5,498 Office equipment Accounts payable 730 418 Exercise 2-18 Preparing a balance sheet LO P3 Use the above Information to prepare an August 31 balance sheet for Help Today. (Hint. Compute the owner's capltal account balance as of August 31.) Balance Sheet As of August 31 quity: Assets
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