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 selected accounts and amounts for the month of August. $ Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock 25, 240 Dividends 22,260 Consulting fees earned 5, 110 Rent expense 43,920 Salaries expense 19,890 Telephone expense 10,740 Miscellaneous expenses 100,700 $ 5,870 26,900 9,420 5,490 730 410 Exercise 2-18 Preparing a balance sheet LO P3 Use the above information to prepare an August 31 balance sheet for Help Today. HELP TODAY Balance Sheet Maria Gomez owns and manages a consulting firm called Accel, which began operations on December 1. She asks us to assist her with some financial reporting questions. On December 31, we are provided with a Tableau Dashboard that includes selected accounts and amounts for the month of December. Assets Liabilities $14,000 $12,000 Notes Payable Unearned Revenue $10,000 $8,000 $6,000 $4,000 Accounts Payable Equity $0 Cash Accounts Receivable Equipment Supplies Notes Prepaid Receivable Insurance Common Stock Dividends $9,200 $4,000 Expenses Advertising Expense Rent Expense Salaries Expense Utilities Expense Revenues Consulting Revenue Rental Revenue 1. Indicate the amount along with the normal balance (debit or credit) for each of the following accounts from the Tableau Dashboard. 2. Indicate the amount of each of the following accounts from the Tableau Dashboard, and then state whether a debit or credit decreases the normal balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Indicate the amount along with the normal balance (debit or credit) for each of the following accounts from the Tableau Dashboard. Amount Normal Balance th a. Supplies b. Salaries expense Accounts payable d. Rental revenue C. Required 1 Required 2 > Indicate the amount of each of the following accounts from the Tableau Dashboard, and then state whether a debit or credit decreases the normal balance. Amount Decreases with a b. Notes payable Rent expense Consulting revenue Cash C d. 1. Prepare an income statement for the month ended December 31. 2. Prepare a statement of retained earnings for the month ended December 31. The retained earnings account balance at December 1 was $0. Hint: Use the net income calculated in part 1. 3. Prepare a balance sheet as of December 31. Hint Use the ending retained earnings balance calculated in part 2. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an income statement for the month ended December 31. ACCEL Income Statement