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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
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 $25,420 C. Camry, Withdrawals 22,430 Consulting fees earned 5,330 Rent expense 44,070 Salaries expense 20,080 Telephone expense 10,550 Miscellaneous expenses $ 6,070 27,070 9,630 5,670 950 570 Exercise 2-17 Preparing a statement of owner's equity LO P3 Use the above information to prepare an August statement of owner's equity for Help Today. The owner's capital account balance at July 31 was $0, and the owner invested $102,600 cash in the company on August 1. HELP TODAY Statement of Owner's Equity 0 $ 0
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