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Required information Use the following information for Exercises 16-18 below. The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm

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Required information Use the following information for Exercises 16-18 below. 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 $ 25,330 C. Camry, withdrawals 22,330 Consulting fees earned 5,210 Rent expense 43,980 Salaries expense 19,970 Telephone expense 10,730 Miscellaneous expenses $ 5,960 26,97e 9.51e 5.580 840 Land Office equipment Accounts payable Exercise 2-17 Preparing a statement of owner's equity LO P3 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 $101,500 cash in the company on August 1. Exercise 2-17 Preparing a statement of owner's equity LO P3 Use the above information to prepare an August statement of owner's equity for Help Today. The owner's capital account July 31 was $0, and the owner invested $101,500 cash in the company on August 1 HELP TODAY Statement of Owner's Equity For Month Ended August 31 C. Camry, Capital, July 31 s Add: Investment by owner . 101,500 101,500 5,960 Less: Withdrawals by owner C. Camry, Capital August 31 $ 95,540

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