mework Saved Help Save & Exit S Check my we Required information Use the following information for Exercises 16-18 below. [The following information applies to the questions displayed below] 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 Accounts receivable Office supplies Land Office equipment Accounts payable $ 25,220 C. Camry, Withdrawals 22,250 Consulting fees earned 5,100 Rent expense 43,900 Salaries expense 19,870 Telephone expense 10,790 Miscellaneous expenses $ 5,850 26,890 9,410 5,470 710 400 Withdrawals by the owner are a business expense. True or False True False