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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

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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 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. 14 Cash Accounts receivable Office supplies Land Office equipment Accounts payable Dividends $25,450 Consulting fees earned 22,490 Rent expense 5,370 Salaries expense 44,120 Telephone expense 20, 140 Miscellaneous expenses 10,460 Common stock 6,120 $ 27,110 9,680 5,700 990 610 103,100 Exercise 2-17 Preparing a statement of retained earnings LO P3

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