On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $85,460 in assets to launch the business. On December 31, the company’s records show the following items and amounts. Cash $ 6,650 Cash withdrawals by owner $ 3,490 Accounts receivable 18,650 Consulting revenue 18,650 Office supplies 4,640 Rent expense 4,920 Land 46,000 Salaries expense 8,500 Office equipment 19,560 Telephone expense 890 Accounts payable 9,890 Miscellaneous expenses 700 Owner investments 85,460 Use the above information to prepare a December 31 balance sheet for Ernst Consulting.

On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $85,460 in assets to launch the business. On December 31, the company’s records show the following items...

On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $85,460 in assets to launch the business. On December 31, the company’s records show the following items and amounts.

Cash	$ 6,650	Cash withdrawals by owner	$ 3,490
Accounts receivable	18,650	Consulting revenue	18,650
Office supplies	4,640	Rent expense	4,920
Land	46,000	Salaries expense	8,500
Office equipment	19,560	Telephone expense	890
Accounts payable	9,890	Miscellaneous expenses	700
Owner investments	85,460

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

Jun 11, 2022

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On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $85,460 in assets to launch the business. On December 31, the company’s records show the following items...

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