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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
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 selected accounts and amounts for the month of August. Cash 25,200 Dividends $ 5,830 Accounts receivable Office supplies Land 22,240 Consulting fees earned 26,880 5,080 Rent expense 9,390 43,890 Salaries expense 5,450 Office equipment 19,860 Telephone expense 690 Accounts payable Common stock 10,840 Miscellaneous expenses 100,300 390 Exercise 2-18 Preparing a balance sheet LO P3 Use the above information to prepare an August 31 balance sheet for Help Today.
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