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(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

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(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. Cash $ 25,360 Dividends $ 6, Accounts receivable 22,360 Consulting revenue 27,000 Office supplies 5,250 Rent expense 9,550 Office equipment 20,000 Salaries expense 5,600 Land 44,080 Telephone expense 860 Accounts payable 10,500 Miscellaneous expenses 520 Common stock 102,000 Use the above information to prepare a December 31 balance sheet for Help Today. Hint. The ending Retained Earnings accoun balance as of December 31 is $4,470. Answer is not complete. $ 10,500 Assets: Cash Accounts receivable Office supplies Land Office equipment OOOO HELP TODAY Balance Sheet As of December 31 Liabilities: $ 25,360 Accounts payable 22,360 5,250 44,000 Equity: 20,000 Common stock Retained earnings 10.500 102,000 4.470 Total Equity Total Liabilities and Equity 106.470 116.970 Total Assets $ 116,970

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