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[The following information applies to the questions displayed below]
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
8:33
Office supplies
Office equipment
Land
Accounts payable
C. Camry, Capital
ces
$25,420
C. Camry, Withdrawals
$6,070
22,430 Consulting revenue
27,070
5,330 Rent expense
9,630
20,080 Salaries expense
5,670
44,070 Telephone expense
950
10,550 Miscellaneous expenses
570
102,600
Use the above information to prepare a December 31 balance sheet for Help Today, Hint: The ending C. Camry, Capital account
balance as of December 31 is $106,780.
HELP TODAY
Balance Sheet