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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 s 5,870 26,980 9,428 5,498 730 Cash 25,240 . Camry, withdrawals 22,268 Consulting fees earned 5,118 Rent expense 43,928 Salaries expense 19,898 Telephone expense 1e,748 Miscellaneous expenses Accounts receivable Office supplies Land Office equipment Accounts payable 418 Exerclse 2-17 Preparing a statement of owner's equlty LO P3 Use the above information to prepare an August statement of owner's equity for Help Today. The owner's capital account balance at July 31 was $0, and the owner invested $100,700 cash in the company on August 1. HELP TODAY Statement of Owner's Equity For Month Ended August 31 otal Assets Add: Withdrawals by owner Add: Net income Less: Investment by owner Less: Withdrawals by owner otal Assets
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