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Whats missing? ! Required information [The following information applies to the questions displayed below.) Carmen Camry operates a consulting firm called Help Today, which began
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! Required information [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 $ 25,350 C. Camry, Withdrawals 22,340 Consulting fees earned 5,230 Rent expense 43,990 Salaries expense 19,980 Telephone expense 10,660 Miscellaneous expenses $ 5,980 26,980 9,530 5,590 850 500 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. 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. HELP TODAY Balance Sheet Assets: Cash $ $ 10,660 Accounts receivable As of August 31 Liabilities: 25,350 Accounts payable 22,340 5,230 Equity: 43,990 C. Camry, Capital 19,980 Office supplies Land Office equipment 106,230 $ 116,890 Total Liabilities and Equity $ 116,890
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