$!$

Required information

Use the following information for Exercises $25-27$ below. $($Algo$)$

$[$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.

$\backslash$table$[[$Cash$,$$$25,350,$Dividends,$$5,980$

$!$

Required information

Use the following information for Exercises $25-27$ below. $($Algo$)$

$[$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.

$\backslash$table$[[$Cash$,$$$25,280,$Dividends,$5,920],[$Accounts receivable,$22,290,$Consulting revenue,$26,930],[$Office supplies,$5,170,$Rent expense,$9,470],[$Office equipment,$19,920,$Salaries expense,$5,530],[$Land$,43,950,$Telephone expense,$780],[$Accounts payable,$10,720,$Miscellaneous expenses,$440],[$Common stock,$101,100,,]]$

Exercise $2-27($Algo$)$ Preparing a balance sheet LO P$1$

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 $$4,790.$