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Exercise 2-18 Preparing a balance sheet LO P3 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 Answer is not complete. HELP TODAY Balance Sheet 10.500 Assets Cash Accounts receivable Omice supplies Land Office equipment Liabilities: $ 25,360 Accounts payable 22,360 5250 Equity 44,000C Camry Capital 20.000 > 106.470 S 116,970 $ 110,970 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, 360 C. Camry, Withdrawals 22,360 Consulting fees earned 5,250 Rent expense 44,000 salaries expense 20,000 Telephone expense 10,500 Miscellaneous expenses $ 6,000 27,000 9,550 5,600 860 520 Exercise 2-18 Preparing a balance sheet LO P3 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 Answer is not complete. HELP TODAY Balance Sheet 10.500 Assets Cash Accounts receivable Omice supplies Land Office equipment Liabilities: $ 25,360 Accounts payable 22,360 5250 Equity 44,000C Camry Capital 20.000 > 106.470 S 116,970 $ 110,970 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, 360 C. Camry, Withdrawals 22,360 Consulting fees earned 5,250 Rent expense 44,000 salaries expense 20,000 Telephone expense 10,500 Miscellaneous expenses $ 6,000 27,000 9,550 5,600 860 520