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Required information The following information applies to the questions displayed below.] Part 2 of 3 Carmen Camry operates a consulting firm called Help Today, which
Required information The following information applies to the questions displayed below.] Part 2 of 3 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 selected accounts and amounts for the month of August. 1.42 points Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock 25,440 Dividends 22,470 Consulting fees earned 5,360 Rent expense 44,100 Salaries expense 20,120 Telephone expense 10,420 Miscellaneous expenses 103,000 $ 6,100 27,100 9,660 5,690 eBook 600 Hint Print Use the above information to prepare an August statement of retained earnings for Help Today. The Retained Earnings account balance at August 1 was $0. Hint: Net income for August is $10,170. HELP TODAY Statement of Retained Earnings
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