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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.)
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 Liabilities: Assets: C. Camry, Capital Accounts payable 25,430 Land 22,450 Office supplies 20,100 Equity: 5,340 C. Camry, Capital 20,100 Consulting fees earned 44,080 137,500 Total Assets and Equity Total Assets $ $ 0 ! Required information [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 $ 25,430 C. Camry, Withdrawals 22,450 Consulting fees earned 5,340 Rent expense 44,080 Salaries expense 20,100 Telephone expense 10,480 Miscellaneous expenses $ 6,080 27,080 9,640 5,680 970 590 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.)
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