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Required information [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on August
Required information [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 $ 25,400 Consulting fees earned 22,410 Rent expense 5,300 Salaries expense 44,040 Telephone expense 20,050 Miscellaneous expenses 10,500 Common stock 27,040 9,590 5,640 Accounts receivable office supplies Land 920 Office equipment Accounts payable 550 102,400 Dividends 6,040 Use the above information to prepare an August 31 balance sheet for Help Today. (Hint The ending retained earnings account balance as of August 31 is $4,300.) Use the above information to prepare an August 31 balance sheet for Help Today. (Hint. The ending retained earnings account balance as of August 31 is $4,300.) HELP TODAY Balance Sheet
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