Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the company's records show the following selected accounts and amounts for the month of December. Cash Accounts receivable Office supplies Office equipment Land Accounts payable Common stock $ 25,330 Dividends 22,330 Consulting revenue 5,210 Rent expense 19,970 Salaries expense 43,980 Telephone expense 10,730 Miscellaneous expenses 101,500 $5,960 26,970 9,510 5,580 840 490

Principles of Accounting Volume 1
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ISBN:9781947172685
Author:OpenStax
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Chapter7: Accounting Information Systems
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Problem 5EB: Catherines Cookies has a beginning balance in the Accounts Receivable control total account of...
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Required balance sheet for Help Today .

Use the above information to prepare a December 31 balance sheet for Help Today.
$
HELP TODAY
Balance Sheet
0
Total equity
$
0
0
Transcribed Image Text:Use the above information to prepare a December 31 balance sheet for Help Today. $ HELP TODAY Balance Sheet 0 Total equity $ 0 0
Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31,
the company's records show the following selected accounts and amounts for the month of December.
Cash
Accounts receivable
Office supplies
Office equipment
Land
Accounts payable
Common stock
$ 25,330 Dividends
22,330 Consulting revenue
5,210 Rent expense
19,970 Salaries expense
43,980 Telephone expense
10,730 Miscellaneous expenses
101,500
$ 5,960
26,970
9,510
5,580
840
490
Transcribed Image Text:Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the company's records show the following selected accounts and amounts for the month of December. Cash Accounts receivable Office supplies Office equipment Land Accounts payable Common stock $ 25,330 Dividends 22,330 Consulting revenue 5,210 Rent expense 19,970 Salaries expense 43,980 Telephone expense 10,730 Miscellaneous expenses 101,500 $ 5,960 26,970 9,510 5,580 840 490
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