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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below) On December 1, Jasmin Emst organized Ernst Consulting. On December 3, the owner contributed 3195,360 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash $ 7,010 Cash withdrawals by owner $ 3,390 Accounts receivable 18,358 Consulting revenue 18,358 Office supplies 4,489 Rent expense 4,820 Land 46,040 Salaries expense 8,370 Office equipment 19,360 Telephone expense 910 Accounts payable 9,740 Miscellaneous expenses 720 Owner investments 85,360 Exercise 1-20 (Algo) Preparing a balance sheet LO P2 Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) On December 1, Jasmin Emst organized Ernst Consulting. On December 3, the owner contributed $95,360 in assets to launch the business. On December 31, the company's records show the following items and amounts Cash $ 7,010 Cash withdrawals by owner $ 3,390 Accounts receivable 18,358 Consulting revenue 18,358 Office supplies 4,480 Rent expense 4,820 Land 46,040 Salaries expense 8,370 Office equipment 19,360 Telephone expense 910 Accounts payable 9,740 Miscellaneous expenses 720 Owner investments 85,360 Exercise 1-20 (Algo) Preparing a balance sheet LO P2