Question: Open (Do not open until you are ready to complete) Required information The following information applies to the questions displayed below) Carmen Camry operates a
Open (Do not open until you are ready to complete) Required information The following information applies to the questions displayed below) Carmen Camry operates a consulting firm called Help Today, which began operations on Aug company's records show the following accounts and amounts for the month of August 13 14:25 Cash Accounts receivable office supplies Land office equipment Accounts payable $ 25,240 C. Camry, Withdrawals 22,260 Consulting fees earned 5,110 Rent expense 43,920 Salaries expense 19,890 Telephone expense 10,740 Miscellaneous expenses $ 5,870 26,900 9,420 5,490 730 410 Use the above information to prepare an August statement of owner's equity for Help Today. The own July 31 was $0, and the owner invested $100,700 cash in the company on August 1 HELP TODAY Statement of Owner's Equity For Month Ended August 31 C. Camry, Capital, August 31 Add: Withdrawals by owner Add: Net income 5,870 5.870 Less: Investment by owner Less: Withdrawals by owner C. Camry, Capital August 31 S 5,870 28
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