Question: 2,3 Saved Help Save & Exit [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting: on October
2,3 Saved Help Save & Exit [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,390 In assets to launch the business. On October 31, the company's records show the following items and amounts. Cash Accounts receivable office supplies Land office equipment Accounts payable Owner investments $13, 210 13,320 2,720 45,910 17,350 7,970 83,390 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,460 13,320 2,950 6,290 830 640 Using the above information prepare an October 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet $ 0 BS DA Naut
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