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! Required information [The following information applies to the questions displayed below.) Carmen Camry operates...

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Accounting

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! Required information [The following information applies to the questions displayed below.) Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, 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 c. Camry, Capital $ 25,420 22,430 5,330 20,080 44,070 10,550 102,600 C. Camry, Withdrawals Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 6,070 27,070 9,630 5,670 950 570 Use the above information to prepare a December statement of owner's equity for Help Today. The C. Camry, Capital account balance at December 1 was $0, and the owner invested $102,600 in the company on December 2. Hint: Net income for December is $10,250. HELP TODAY Statement of Owner's Equity C. Camry, Capital, December 1 0 $ 0

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