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 selected accounts and amounts for the month of August. 25,440 Dividends 22,470 Consulting fees earned 5,360 Rent expense 44,100 Salaries expense 20,120 Telephone expense 10,420 Miscellaneous expenses 103,000 $ 6,100 27,100 9,660 5,690 980 Cash Accounts receivable Office supplies Land Office equipment Accounts payable 600 Common stock

Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter6: Work Sheet And Adjusting Entries For A Service Business
Section6.1: Creating A Work Sheet
Problem 1WT
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5,360 Rent expense
9,660
44,100 Salaries expense
20,120 Telephone expense
10,420 Miscellaneous expenses
103,000
Land
5,690
980
Office equipment
Accounts payable
Common stock
600
Exercise 2-18 Preparing a balance sheet LO P3
Use the above information to prepare an August 31 balance sheet for Help Today.
HELP TODAY
Balance Sheet
Total equity
Transcribed Image Text:5,360 Rent expense 9,660 44,100 Salaries expense 20,120 Telephone expense 10,420 Miscellaneous expenses 103,000 Land 5,690 980 Office equipment Accounts payable Common stock 600 Exercise 2-18 Preparing a balance sheet LO P3 Use the above information to prepare an August 31 balance sheet for Help Today. HELP TODAY Balance Sheet Total equity
Required Information
Use the following information for Exercises 16-18 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
company's records show the following selected accounts and amounts for the month of August.
25,440 Dividends
22,470 Consulting fees earned
5,360 Rent expense
44,100 Salaries expense
20,120 Telephone expense
10,420 Miscellaneous expenses
103,000
$ 6,100
27,100
9,660
5,690
980
Cash
Accounts receivable
Office supplies
Land
Office equipment
Accounts payable
Common stock
600
ercise 2-18 Preparing a balance sheet LO P3
e the above information to prepare an August 31 balance sheet for Help Today.
HELP TODAY
Balance Sheet
Transcribed Image Text:Required Information Use the following information for Exercises 16-18 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 company's records show the following selected accounts and amounts for the month of August. 25,440 Dividends 22,470 Consulting fees earned 5,360 Rent expense 44,100 Salaries expense 20,120 Telephone expense 10,420 Miscellaneous expenses 103,000 $ 6,100 27,100 9,660 5,690 980 Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock 600 ercise 2-18 Preparing a balance sheet LO P3 e the above information to prepare an August 31 balance sheet for Help Today. HELP TODAY Balance Sheet
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