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Make an August balance sheet for Help Today

Assignment Help Accounting Basics
Reference no: EM132842971

Problem - 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 $25,460 C. Camry, Withdrawals $6,130

Accounts receivable 22,510 Consulting fees earned 27,130

Office supplies 5,380 Rent expense 9,690

Land 44,130 Salaries expense 5,710

Office equipment 20,160 Telephone expense 1,010

Accounts payable 10,370 Miscellaneous expenses 620

Required - Use the above information to make an August 31 balance sheet for Help Today. Hint: Compute the owner's capital account balance as of August 31.

Reference no: EM132842971

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