Question

what am i missing?

Part 3 of 3 Required information Use the following information for Exercises 25-27 below. (Static) (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 5 points December eBook $ Hint Cash Accounts receivable Office supplies office equipment Land Accounts payable Common stock $ 25,360 Dividends 22,360 Consulting revenue 5,250 Rent expense 20,000 salaries expense 44,000 Telephone expense 10,500 Miscellaneous expenses 102,000 6,000 27,000 9,550 5,600 860 520 References

Answer 1

Help Today
Balance Sheet
As of December 31
Assets:	Liabilities:
Cash	25,360	Accounts Payable	10500
Accounts Receivable	22,360
Office Supplies	5,250	Equity:
Office Equipment	20,000	Common Stock	102000
Land	44,000
		Retained earning	4470
		Total Equity	106470
Total assets	116,970	Total liabiities and Equity	116970
Calculation of Retained earning:
Revenue	27,000
Less:
Rent Exp	(9,550)
Salary Exp	(5,600)
Telephone exp	(860)
Misc. Exp	(520)
Net Income	10,470
Less: Dividends	(6,000)
Retaiined Earning	4,470
Tutorial Note: You have not entered Land on asset side.