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T ences Required information Use the following information for Exercises 16-18 below. [The following information applies to the questions displayed below.] Carmen Camry operates
T ences Required information Use the following information for Exercises 16-18 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 $25,300 C. Camry, Withdrawals 22,310 Consulting fees earned 5,190 Rent expense $ 5,940 26,940 9,490 43,960 Salaries expense 19,940 Telephone expense 10,800 Miscellaneous expenses 5,550 800 460 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 13 of 3 5 oints +Book 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 Hint Assets: Cash Liabilities: $ 25,300 Accounts payable $ 10.800 Print Accounts receivable 22,310 References Office supplies 5,190 Equity and 43.960 Office equipment Total Assets 96.7607 10.000
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