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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 accounts and amounts for the month of August. Use this information to prepare an August 31 balance sheet for Help Today. |
| Cash | $ | 33,760 | Dividends | $ | 6,700 |
| Accounts receivable | 25,860 | Consulting fees earned | 34,000 | ||
| Office supplies | 6,300 | Rent expense | 10,600 | ||
| Land | 51,000 | Salaries expense | 6,300 | ||
| Office equipment | 27,000 | Telephone expense | 1,210 | ||
| Accounts payable | 26,600 | Miscellaneous expense | 870 | ||
| Common stock | 109,000 |
