Chapter 2 1 Required Information 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 $ 25,00 C. Camry, withdrawals 22,166 Consulting fees carried 5,250 Rent expense 44.000 salaries expense 20,000 Telephone expense 10,50 Miscellaneous expenses $ 6,00 27,600 9,550 5,600 860 52e Exercise 2-17 Preparing a statement of owner's equity LO P3 Use the above Information to prepare an August statement of owner's equity for Help Today. The owner's capital account balance at July 31 was $0, and the owner invested $102,000 cash in the company on August 1. HELP TODAY Statement of Owner's Equity