Question: 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
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 $ 25,430 C. Camry. Withdrawala 22,450 Consulting fees earned 5,340 Rent expense 44,080 salaries expense 20,100 Telephone expense 10,480 Miscellaneous expenses $ 6,080 27,080 9,640 5,680 970 590 Exercise 2.17 Preparing 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 $102,800 cash in the company on August 1. HELI TODAS Sustement of Owner's Equity 0
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