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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
[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 Accounts receivable Office supplies Office equipment Land Accounts payable Common stock Dividends $ 25,288 22,290 5,170 Consulting revenue Rent expense 19,920 Salaries expense 43,950 Telephone expense 10,720 Miscellaneous expenses 101,100 $ 5,920 26, 938 9,470 5,530 780 440 Use the above information to prepare a December 31 balance sheet for Help Today. Hint The ending Retained Earnings account. balance as of December 31 Is $4,790.
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