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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 December

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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 December 1, On December 31, the company's records show the following selected accounts and amounts for the month of December. Cash $ 25,440 Dividends $ 6,100 Accounts receivable 22,470 Consulting revenue 27,100 office supplies 5,360 Rent expense 9,660 office equipment 20,120 Sataries expense 5,690 Land 44,100 Telephone expense 980 Accounts payable 10,420 Miscellaneous expenses 600 Common stock 103,000 Use the above information to prepare a December income statement for the business. HELP TODAY Income Statement 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 $ 25,440 Dividends $ 6,100 Accounts receivable 22,470 Consulting revenue 27,100 office supplies 5,360 Rent expense 9,660 office equipment 20,120 Salaries expense 5,690 Land 44,100 Telephone expense 980 Accounts payable 10,420 Miscellaneous expenses 600 Common stock 103,000 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 $10,170. HELP TODAY Statement of Retained Earnings Retained earnings, December 1 0 $ 0 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 $ 25,440 Dividends $ 6,100 Accounts receivable 22,470 Consulting revenue 27, 100 Office supplies 5,360 Rent expense 9,660 Office equipment 20,120 Salaries expense 5,690 Land 44,100 Telephone expense Accounts payable 10,420 Miscellaneous expenses 600 Common stock 103,000 980 Use the above information to prepare a December 31 balance sheet for Help Today, Hint The ending Retained Earnings account balance as of December 31 is $4,070. HELP TODAY Balance Sheet

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