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! Required information Use the following information for Exercises 25-27 below. (Algo) [The following information applies to the questions displayed below.] Carmen Camry operates
! 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. Dividends Consulting revenue Salaries expense Cash Accounts receivable $ 25,370 22,370 $ 6,020 27,010 Office supplies 5,260 Rent expense 9,570 Office equipment 20,020 5,620 Land 44,010 Telephone expense 880 Accounts payable 10,540 Miscellaneous expenses 530 Common stock 102,100 Exercise 2-27 (Algo) Preparing a balance sheet LO P1 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 $4,390. HELP TODAY Balance Sheet
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