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. On August 31, the companys records show the following accounts and amounts for the month of August.

Cash	$	25,410	Consulting fees earned	$	27,060
Accounts receivable		22,420	Rent expense		9,610
Office supplies		5,320	Salaries expense		5,650
Land		44,050	Telephone expense		940
Office equipment		20,060	Miscellaneous expenses		560
Accounts payable		10,510	Common stock		102,500
Dividends		6,050

Exercise 2-18 Preparing a balance sheet LO P3

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 $4,250.)