Required information Use the following information for the Exercises below. (Algo) [The following information applies to...

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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 Ernst organized Ernst Consulting. On December 3, the owner contributed $83,540 in assets in exchange for its common stock to launch the business. On December 31, the company's records show the following items and amounts. Cash Accounts receivable Cash dividends Consulting revenue Salaries expense Telephone expense Miscellaneous expenses $ 12,650 13,520 Office supplies 2,850 Rent expense Office equipment 17,530 Land 45,940 Accounts payable 8,110 Common stock 83,540 $ 1,570 13,520 3,110 6,490 850 660 Exercise 1-18 (Algo) Preparing an income statement LO P2 Search S < Prev 24 25 26 27 of 35 Next > a A 4:36 PM 1/21/2024 Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,540 in assets in exchange for its common stock to launch the business. On December 31, the company's records show the following items and amounts. Cash Accounts receivable Cash dividends Consulting revenue Salaries expense Telephone expense Miscellaneous expenses $ 12,650 13,520 Office supplies 2,850 Rent expense Office equipment 17,530 Land 45,940 Accounts payable 8,110 Common stock 83,540 $ 1,570 13,520 3,110 6,490 850 660 Exercise 1-18 (Algo) Preparing an income statement LO P2 Search S < Prev 24 25 26 27 of 35 Next > a A 4:36 PM 1/21/2024