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Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help
Use the following information for the Exercises 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. COn August 31, the company's records show the following accounts and amounts for the month of August. Cash $ 25,360 Consulting fees earned 22,360 Rent expense 5,250 Salaries expense 44,000 Telephone expense 20,000 Miscellaneous expenses $27,000 9,550 5,600 Accounts receivable Office supplies Land 860 Office equipment Accounts payable 520 10,500 Common stock 102,000 Dividends 6,000 August income statement for the business. Use the above information to prepare an HELP TODAY Income Statement Use the above information to prepare an August statement of retained earnings for Help Today. (Hint: Net income for August is $10,470.) HELP TODAY Statement of Retained Earnings $ Use the above information to prepare an August 31 balance sheet for Help Today. (Hint The ending retained earnings account balance as of August 31 is $4,470.) HELP TODAY Balance Sheet 0 0 0
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