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Question 2: Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the company's records show
Question 2: 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 accounts and amounts for the month of December. Use this information to prepare a December statement of owner's equity for the business. The owner invested $102,000 cash in the company on December 2. Cash $ 25,360 C. Camry, Withdrawals $ 6,000 Accounts receivable 22,360 Consulting revenue 27,000 Office supplies 5,250 Rent expense 9,550 Office equipment 20,000 Salaries expense 5,600 Land 44,000 Telephone expense 860 Accounts payable 10,500 Miscellaneous expenses 520 C. Camry, Capital 102,000
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