Question: with chart as well please es Saved Help Save & Exit Check Required information (The following information applies to the questions displayed below.) On October

with chart as well please
with chart as well please es Saved Help Save & Exit Check
Required information (The following information applies to the questions displayed below.) On

es Saved Help Save & Exit Check 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 $83,540 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 $12,650 13,520 2.850 45,940 17,530 8,110 83,540 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,570 13,520 3. 110 6,490 850 660 Using the above information prepare an October Income statement for the business. ERNST CONSULTING Income Statement For Month Ended October 31 Prey 23 of 5 !! Next > Office equipment Accounts payable Common stock 17,530 8,110 83,540 Telephone expense Miscellaneous expenses 660 Using the above information prepare an October income statement for the business. ERNST CONSULTING Income Statement For Month Ended October 31 Prev 1 2 3 of 5 !!! Next >

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!