Preparing income statement

ULU.232/activity/question-group/VEZA SE Sinbase Refunding In-Game... Website Stuff Video School CCS: Introduction t... KA Saved Required information Use the following information for exercise 15 to 18 LO P2 [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,220 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. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $13,840 13,140 2,530 45,840 17,200 7,810 83,220 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,280 13,140 2,770 6,120 820 630 Exercise 1-15 Preparing an income statement LO P2 Using the above information prepare an October income statement for the business. ERNST CONSULTING Income Statement office equipment Accounts payable Common stock 17,289 7,810 83,220 Telephone expense Miscellaneous expenses tot 3 820 630 5 Exercise 1-15 Preparing an income statement LO P2 poed Using the above information prepare an October income statement for the business Book ERNST CONSULTING Income Statement Print eferences 0 Coinbase Refunding In-Game.. Website Stuff Video School CCS!: Introduction t.. Saved work A Required information Use the following information for exercise 15 to 18 LO P2 [The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $83,220 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. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $13,840 13,140 2,530 45,840 17,200 7,810 83,220 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,280 13,140 2,770 6,120 820 630 Exercise 1-16 Preparing a statement of retained earnings LO P2 Using the above information prepare an October statement of retained earnings for Ernst Consulting ERNST CONSULTING Statement of Retained Earnings (ie fonow On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $83,220 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. Cash Accounts receivable office supplies Land Office equipment Accounts payable Common stock $13,840 13,140 2,530 45,840 17,200 7,810 83,220 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,280 13,140 2,770 6,120 820 630 Exercise 1-16 Preparing a statement of retained earnings LO P2 Using the above information prepare an October statement of retained earnings for Ernst Consulting. ERNST CONSULTING Statement of Retained Earnings 0 $ 0