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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
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 $ 5,850 Accounts receivable $ 25,220 Dividends 22,250 Consulting revenue 5,100 Rent expense 19,870 Salaries expense 26,890 Office supplies 9,410 Office equipment Land 5,470 710 Accounts payable 43,900 Telephone expense 10,790 Miscellaneous expenses 100,500 400 Common stock 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 $5,050. HELP TODAY Balance Sheet For the Month Ended December 31 0 $ 0 $ 0 0
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