carmen camry operates consulting firm called help today which began operations august 1 augu

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    
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