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13 Carmen Camry operates a consulting firm called Help Today, which began ope the company's records show the following selected accounts and amounts for the month of December. Cash Accounts receivable Office supplies Office equipment Land Accounts payable Common stock $ 25,360 22,360 5,250 20,000 44,000 10,500 102,000 Retained earnings, December 1 HELP TODAY Statement of Retained Earnings Exercise 2-26 (Static) Preparing a statement of retained earnings LO P1 Use the above information to prepare a December statement of retained earnings for Help Today. The Retained Earnings account balance at December 1 was $0. Hint: Net income for December is $10,470. Dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 0 $ 6,000 27,000 9,550 5,600 860 520 0

Carmen Camry operates a consuling firm calied Help Today, which begants for the month of December. the company's records show the following selected accounts and amounts for tho month of Decembert. Exercise 2-26 (Static) Preparing a statement of retained earnings LO P1 Use the above information to prepare o December statement of retained earnings for Help Today. The Retained Eamings account balance at December 1 was $0. Hint: Net income for December is $10,470

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