Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company’s…

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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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