Prepare an August statement of owners equity for Help Today

Assignment Help Accounting Basics
Reference no: EM132838939

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 prepare an August statement of owner's equity for Help Today. The owner's capital account balance at July 31 was $0, and the owner invested $103,300 cash in the company on August 1.

Reference no: EM132838939

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