01 Homework Applications | Rapididentity Chapter 1 Part 1 Question 4-Ch 01 Homework-Corm Seved Help Save & Exit Submis Check my work 4 art 3 of 3 On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $85,360 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0. nts Cash Accounts receivable Office supplies Land $ 7,010 18,350 4,480 Cash dividends $ 3,390 Consulting revenue 18,350 Rent expense 4,820 46,040 Salaries expense 8,370 Office equipment 19,360 Telephone expense 910 Accounts payable 9,740 Miscellaneous expenses 720 Connon stock 85,368 eBook Hint Print Exercise 1-17 Preparing a balance sheet LO P2 Using the above information prepare an October 31 balance sheet for Ernst Consulting. References Assets C raw ERNST CONSULTING Balance Sheet As of October 31 $ 0 Liabilities 0 0 Equity 0 $ 0 < Prev of 5 Next >