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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 company's records show the following accounts and amounts for the month of August. Cash Accounts receivable Office supplies Land Office equipment Accounts payable $ 25,460 C. Camry, Withdrawals 22,510 Consulting fees earned 5,380 Rent expense 44, 130 Salaries expense 20,160 Telephone expense 10,370 Miscellaneous expenses $ 6,130 27,130 9,690 5,710 1,010 620 Use the above information to prepare an August statement of owner's equity for Help Today. The owner's capital account balance at July 31 was $0, and the owner invested $103,300 cash in the company on August 1. HELP TODAY Statement of Owner's Equity
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