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QUESTION
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the companyâs...
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. Use this information to prepare an August 31 balance sheet for Help Today.
Cash$33,760 Dividends$6,700 Accounts receivable 25,860 Consulting fees earned 34,000 Office supplies 6,300 Rent expense 10,600 Land 51,000 Salaries expense 6,300 Office equipment 27,000 Telephone expense 1,210 Accounts payable 26,600 Miscellaneous expense 870 Common stock 109,000