Question: Use the information in Exercise to prepare an October statement

Use the information in Exercise to prepare an October statement of owner’s equity for Ernst Consulting.
In Exercise, On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,000 in assets to launch the business. On October 31, the company’s records show the following items and amounts. Use this information to prepare an October income statement for the business.



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  • CreatedApril 23, 2015
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