Required information

Use the following information for Exercises 16-18 below.

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[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 selected accounts and amounts for the month of August.

Cash	$	25,260	Dividends	$	5,890
Accounts receivable		22,270	Consulting fees earned		26,910
Office supplies		5,130	Rent expense		9,440
Land		43,930	Salaries expense		5,500
Office equipment		19,900	Telephone expense		750
Accounts payable		10,780	Miscellaneous expenses		420
Common stock		100,800

Exercise 2-18 Preparing a balance sheet LO P3

Use the above information to prepare an August 31 balance sheet for Help Today.