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Required information [The following information applies to the questions displayed below.] Carmen Camry operates a consulting
HELP TODAY Balance Sheet ces Total equity $ 0
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Answer #1
HELP TODAY
Balance Sheet
For the Month of August
Assets $ Liabilities + Equity $
Current assets: Current liabilities:
Cash 25,430 Accounts payable 10,480
Accounts receivable 22,450 Total current liabilities $10,480
Office supplies 5,340 Equity:
Total current assets $53,220 Common stock 102,800
Plant assets: Retained earnings 4,120
Land 44,080 Total Equity $106,920
Office equipment 20,100
Total plant asset $64,180
Total Assets $117,400 Total Liabilities & Equity $117,400

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