Required information Use the following information for the Exercises 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 Land office equipment Accounts payable $ 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 26,970 9,510 5,580 840 490 Exercise 2-16 Preparing an income statement LO C3, P3 Use the above information to prepare an August income statement for the business. HELP TODAY Income Statement As of August 31 Required information Use the following information for the Exercises 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 Land Office equipment Accounts payable $ 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 26,970 9,510 5,580 840 Exercise 2-18 Preparing a balance sheet LO P3 Use the above information to prepare an August 31 balance sheet for Help Today. (Hint Compute the owner's capital account balance as of August 31.) HELP TODAY Balance Sheet