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. cash $25,370 C. Camry withdrawals $6,020 accounts receivable $22,370 consunting fees earned $27,010 office supplies $5,260 rent expense $9,570 land $44,010 salaries expense $5,620 office equipment $20,020 telephone expense $880 accounts payable $10,540 miscellaneous expenses $530 Use the above information to prepare an August statement of owner's equity for Help Today. The owner's capital account balance at July 31 was $0, and the owner invested $102,100 cash in the company on August 1. HELP TODAY Statement of Owner’s Equity 0 $0
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.
cash $25,370 C. Camry withdrawals $6,020
accounts receivable $22,370 consunting fees earned $27,010
office supplies $5,260 rent expense $9,570
land $44,010 salaries expense $5,620
office equipment $20,020 telephone expense $880
accounts payable $10,540 miscellaneous expenses $530
Use the above information to prepare an August statement of owner's equity for Help Today. The owner's capital account balance at July 31 was $0, and the owner invested $102,100 cash in the company on August 1.
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