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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.
Cash $ 25,350 Dividends $ 5,980
Accounts receivable 22,340 Consulting fees earned 26,980
Office supplies 5,230 Rent expense 9,530
Land 43,990 Salaries expense 5,590
Office equipment 19,980 Telephone expense 850
Accounts payable 10,660 Miscellaneous expenses 500
Common stock 101,700