Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 37

Use the information in Exercise 2-16 (if completed, use the solution to Exercise 2-17) to prepare an August 31 balance sheet for Help Today.
Reference: Exercise 2-16
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 income statement for the business.

Reference: Exercise 2-17
Use the information in Exercise 2-16 to prepare an August statement of owner's equity for Help Today; begin with C. Camry, Capital, July 31 of $0. (The owner invested $102,000 cash in the company on August 1.)