After you prepare journal entries, prepare an August 31 trial balance for Pose for Pic. (Use the working papers Template in canvas to setup the trial balance)2. Carmen Camry operates a consulting firm called Help Today, which begin operations on August 1. On August 31, the company records show the following accounts and amounts for the month of August. Use this information to prepare an August income statement, Statement of Owner’s Equity, and Balance sheet for the business. The owner invested $102,000 in the company on August 1st.Cash$25,360C. Camry, Withdrawals$6,000Accounts Receivables22,360Consulting Fee Earned27,000Office Supplies5,250Rent Expense9,550Land44,000Salaries Expense5,600Office Equipment20,000Telephone Expense860Accounts Payable10,500Miscellaneous Expenses520
After you prepare
| PARTICULARS | AMOUNT | PARTICULARS | AMOUNT |
| TO OFFICE SUPPLIES | $5250 | CONSULTING FEE EARNED | $27000 |
| TO RENT EXPENSES | $9550 | ||
| TO SALARIES | $5600 | ||
| TO TELEPHONE EXPENSES | $860 | ||
| TO MISCELLANEOUS EXP | $520 | ||
| TO NET PROFIT | $5220 | ||
| $27000 | $27000 | ||
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