Chp 1 Homework Help Save & Exit Check 12 On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $82,650 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. Part 3 of 4 13,410 769 po Cash Accounts receivable office supplies Land office equipment Accounts payable Comon stock $15,200 12,410 1,770 46,080 16,450 6,060 02.650 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $460 2,140 5,300 750 560 Using the above information prepare an October 31 balance sheet for Ernst Consulting ERNST CONSULTING Balance Sheet As of October 31 Assets Liabilities 0 0 $ 0