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nework i 3 - ht rint erences ic raw ill Required information Use the following information for Exercises 25-27 below. (Algo) [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which beg operations on December 1. On December 31 the company's records show the following selected accounts and amounts for the month of December. Cash Accounts receivable Office supplies Office equipment Land Accounts payable Common stock $ 25,330 Dividends 22,330 Consulting revenue 5,210 Rent expense 19,970 Salaries expense 43,980 Telephone expense 10,730 Miscellaneous expenses 101,500 Exercise 2-26 (Algo) Preparing a statement of retained earnings LO P1 Use the above information to prepare a December statement of retained earnings for Help Today. The Retained Earnings accou balance at December 1 was $0. Hint: Net income for December is $10,550. HELP TODAY Statement of Retained Earnings Retained earnings, December 1 $ 0 0

Required information Use the following information for Exercises 25-27 below. (Algo) [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 3 the company's records show the following selected accounts and amounts for the month of December: Exercise 2-26 (Algo) Preparing a statement of retained earnings LO P1 Use the above information to prepare a December statement of retained earnings for Help Today. The Retained Earnings accou balance at December 1 was $0. Hint: Net income for December is $10,550

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