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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
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 $ 25,220 C. Camry, Withdrawals $ 5,850 26,890 9,410 5,470 710 400 22,250 Consulting fees earned 5,100 Rent expense 43,900 Salaries expense 19,870 Telephone expense 10,790 Miscellaneous expenses Exercise 2-17 Preparing a statement of owner's equity LO P3 Use the above information to prepare an August statement of owner's equity for Help Today. The owner's capital account balance at July 31 was $0, and the owner invested $100,500 cash in the company on August 1 HELP TODAY Statement of Owner's Equity As of August 31
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