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Carmen Camry operates a consulting firm called Help Today, which began operations on August 1....

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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 selected accounts and amounts for the month of August. Use this information to prepare an August income statement for the business. $25,360 Office equipment $20,000 Rent expense $9,550 22,360 Accounts payable 10,500 Salaries expense 5,250 C. Camry, Withdrawals. 6,000 Telephone expense 44,000 Consulting fees earned 27,000 Miscellaneous expenses Land Cash Accounts receivable Office supplies 5,600 860 520 Chapter 2 Analyzing and Recording Transactions Use the information in Exercise 2-16 to prepare an August statement of owner's equity for Help Today, The owner's capital account balance at August I was 50, and the owner invested $102,000 cash in the company on August 2 Exercise 2-1 Preparing a st owner's equit Use the information in Exercise 2-16 to prepare an August 31 balance sheet for Help Today. Hint: Compute the owner's capital account balance as of August 31. Exe Pret she

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