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 As of August 31 $ 10.500 Assets: Cash Office supplies Oflice equipment hand Accounts receivable 25360 Accounts payable 5.250 20.000 quity 4000 22.360 C Camry Capital 106.470 Total Assets $116.970 Total Liabilities and Equity $ 116.970 Which of the following statements is (are) correct regarding the definition of a liability? (Check all that apply. A liability is an asset waiting to be received by a business. A liability is a debt owed by the business. A liability is a claim by creditors against the assets of a business. A liability can be settled by transferring assets or providing products or services to others. A liability is a thing of value owned by the business and is increased on the left side of a T-account