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Check my work mode : This shows what is correct or incorrect for the work you hav [The following information applies to the questions displayed below] On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $82,780 in assets to launch the business. On October 31, the company's records show the following items and amounts. Cash $15, 760 Cash withdrawals by owner $ 640 Accounts receivable 12, 590 Consulting revenue 12, 590 Office supplies 1, 960 Rent expense 2 , 270 Land 46, 030 Salaries expense 5, 450 Office equipment 16,580 Telephone expense 760 Accounts payable 7, 250 Miscellaneous expenses 580 Owner investments 82, 780 Exercise 1-17 Preparing a balance sheet LO P2 Using the above information prepare an October 31 balance sheet for Ernst Consulting. x Answer is not complete. ERNST CONSULTING Balance Sheet As of October 31 Assets O Liabilities O Cash $ 15,760 Accounts payable $ 7 250 Accounts receivable 12,590 Office supplies 1,960 7 250 Office equipment 16,580 Equity Land 46,030 Ernst, Capital |85,670 $ 92,920 $ 92 920