$\backslash$table$[[$Cash$,$$$8,450,$Cash withdrawals by owner,$$2,930],[$Accounts receivable,$16,950,$Consulting revenue,$16,950],[$Office supplies,$4,080,$Rent expense,$4,420],[$Land$,46,020,$Salaries expense,$7,900],[$Office equipment,$18,860,$Telephone expense,$860],[$Accounts payable,$9,280,$Miscellaneous expenses,$680],[$Owner investments,$84,920,,]]$

Exercise $1-20($Algo$)$ Preparing a balance sheet LO P$2$

Use the above information to prepare a December $31$ balance sheet for Ernst Consulting.

Answer is not complete.

$\backslash$table$[[$ERNST CONSULTING$],[$Balance Sheet$],[$December $31],[$Assets$,(,$Liabilities,$\backslash$theta $],[$Cash$,$V$,8,450,$Accounts payable,$$ :$,9,280$vv$],[$Office supplies,$(,4,080,,,],[$Office equipment,$(,18,860,,$:$,9,280],[$Land$,$V$,46,020,$Equ,,$0],[,,$Jasmin Ernst, Capital,$\backslash$theta $,85,080],[,,,,],[,77,410,$Total liabilities and equity,,$94,360]]$