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Use the information in Exercise 2-16 to prepare an August 31 balance sheet for Help Today. Hint: Compute the owner’scapital account balance as of August 31.
Data from Exercise 2-16
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, thecompany’s records show the following selected accounts and amounts for the month of August. Use this information toprepare an August income statement for the business.
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