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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 companys records show the following accounts and amounts for the month of August. Cash $ 25,350 C. Camry, Withdrawals $ 5,980 Accounts receivable 22,340 Consulting fees earned 26,980 Office supplies 5,230 Rent expense 9,530 Land 43,990 Salaries expense 5,590 Office equipment 19,980 Telephone expense 850 Accounts payable 10,660 Miscellaneous expenses 500 Use the above information to prepare an August income statement for the business. Use the above information to prepare an August statement of owners equity for Help Today. The owners capital account balance at July 31 was $0, and the owner invested $101,700 cash in the company on August 1. Use the above information to prepare an August 31 balance sheet for Help Today. Hint: Compute the owners capital account balance as of August 31.

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