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Help Save & Exit Check my Required information Use the following information for Exercises 25-27 below. (Algo) [The following information applies to the questions
Help Save & Exit Check my Required information Use the following information for Exercises 25-27 below. (Algo) [The following information applies to the questions displayed below.] 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. $ 25,390 Dividends 22,390 Consulting revenue 5,280 Rent expense 20,030 Salaries expense Cashi Accounts receivable Office supplies Office equipment 44,030 Telephone expense Accounts payable Common stock Land 10,580 Miscellaneous expenses 102,200 $ 6,030 27,020 9,580 5,630 900 540 Exercise 2-26 (Algo) Preparing a statement of retained earnings LO P1 Use the above information to prepare a December statement of retained earnings for Help Today. The Retained Earnings account balance at December 1 was $0. Hint: Net income for December is $10,370.
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