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ion.com/ext/map/index.html?_con=con&external_browser=0&launchurl=https%253A%252F%252Flms.mheducati Saved Help Save & Required information [The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $85,160 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 $ 7,520 17,950 4,310 46,000 19,190 9,600 85,160 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 3,190 17,950 4,720 8,220 900 710 sing the above information prepare an October 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet As of October 31 Assets Liabilities 7 Parrunte nawala Qal 29 MacBook Air DD Fd FS F6 F7 FB S % A 4 & 7 5. 6 oc saved Saved Using the above information prepare an October 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet As of October 31 Assets Liabilities $ 9,600 Cash Accounts receivable Office supplies Land Office equipment 7,520 Accounts payable 17,950 4,310 Total liabilities 46,000 19,190 9,600 Equity 85,160 85,160 94,760 Total assets $ 94,970 Total liabilities and equity $ 3.737 12 29 ... sing the above information prepare an October 31 balance sheet for Ernst Consult Answer is not complete. ERNST CONSULTING Balance Sheet As of October 31 Assets Liabilities >> Accounts payable 9,600 Cash Accounts receivable Office supplies Land Office equipment 7,520 17,950 4,310 46,000 Total liabilities 9,600 Equity 19,190 Common stock 85,160 Total assets $ 94,970 Total liabilities and equity 85,160 94,760 $ 3,737 29 MacBook Air DO 000