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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 C. Camry, Withdrawals Accounts receivable Office supplies office equipment Land Accounts payable C. Camry, Capital $ 25,450 22,490 6,120 Consulting revenue 27,110 5,370 Rent expense 9,680 20,140 Salaries expense 5,700 44,120 Telephone expense 990 10,460 Miscellaneous expenses 610 103,100 Use the above information to prepare a December statement of owner's equity for Help Today. T Camry, Capital account balance at December 1 was $0, and the owner invested $103,100 in the company on December 2. Hint: Net income for December is $10,130. HELP TODAY 9 Prev 5 6 of 8 Next >
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