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  3. use the following information for the exercises below the following...

Question: use the following information for the exercises below the following...

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Use the following information for the Exercises below. The following information applies to the questions displayed below) Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the companys records show the following accounts and amounts for the month of August. Cash Accounts receivable Office supplies Land Office equipment $ 25,410 Consulting fees earned $27060 9,610 5,650 940 560 102,500 22,420 Rent expense 5,320 Salaries expense 44,050 Telephone expense 20,060 Miscellaneous expenses Accounts payable Dividends 10,510 Common stock 6,050
Use the above information to prepare an August income statement for the business. HELP TODAY Income Statement As of August 31 Assets: Cash Accounts receivable Total Revenues $ 25,410 22,420 $ 47,830
Use the above information to prepare an August statement of retained earnings for Help Today. (The owner invested $102,500 cash in the company on August 1.) HELP TODAY Statement of Retained Earnings
Use the above information to prepare an August 31 balance sheet for Help Today. (The owner invested $102,500 cash in the company on August 1 in exchange for common stock.) HELP TODAY Balance Sheet 0
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