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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
Required information [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. Cash Accounts receivable Office supplies Office equipment Landi Accounts payable Common stock $ 25,460 Dividends 22,510 Consulting revenue $ 6,130 27,130 5,380 Rent expense 9,690 20,160 Salaries expense 5,710 44,130 Telephone expense 1,010 10,370 Miscellaneous expenses 103,300 620 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 $10,100. HELP TODAY Statement of Retained Earnings For Month Ended December 31 Retained earnings, December 11 $
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