![quired information<br>e following information applies to the questions<br>played below.]<br>December 1, Jasmin Ernst organized Ernst Consulting.<br>December 3, the owner contributed $82,650 in assets to<br>nch the business. On December 31, the company's<br>ords show the following items and amounts.<br>$ 15,200 Cash withdrawals by owner<br>12,410 Consulting revenue<br>1,770 Rent expense<br>46,080 Salaries expense<br>16,450 Telephone expense<br>6,060 Miscellaneous expenses<br>82,650<br>ash<br>$ 460<br>ccounts receivable<br>12,410<br>2,140<br>5,300<br>ffice supplies<br>and<br>ffice equipment<br>ccounts payable<br>wner investments<br>750<br>560<br>ne above information prepare a December statement<br>er's equity for Ernst Consulting. Hint. J. Ernst, Capital<br>ember 1 was $0.<br>ERNST CONSULTING<br>Statement of Owner's Equity<br>apital, December 1<br>$<br>$<br>](https://s3.us-east-1.amazonaws.com/storage.unifolks.com/qimg-008/008_ltznzp0-dcbdvquh.jpeg)
Extracted text: quired information e following information applies to the questions played below.] December 1, Jasmin Ernst organized Ernst Consulting. December 3, the owner contributed $82,650 in assets to nch the business. On December 31, the company's ords show the following items and amounts. $ 15,200 Cash withdrawals by owner 12,410 Consulting revenue 1,770 Rent expense 46,080 Salaries expense 16,450 Telephone expense 6,060 Miscellaneous expenses 82,650 ash $ 460 ccounts receivable 12,410 2,140 5,300 ffice supplies and ffice equipment ccounts payable wner investments 750 560 ne above information prepare a December statement er's equity for Ernst Consulting. Hint. J. Ernst, Capital ember 1 was $0. ERNST CONSULTING Statement of Owner's Equity apital, December 1 $ $
![Required information<br>[The following information applies to the questions<br>displayed below.]<br>On December 1, Jasmin Ernst organized Ernst Consulting.<br>On December 3, the owner contributed $82,650 in assets to<br>launch the business. On December 31, the company's<br>records show the following items and amounts.<br>$ 15,200 Cash withdrawals by owner<br>12,410 Consulting revenue<br>1,770 Rent expense<br>46,080 Salaries expense<br>16,450 Telephone expense<br>6,060 Miscellaneous expenses<br>Cash<br>Accounts receivable<br>Office supplies<br>Land<br>Office equipment<br>Accounts payable<br>Owner investments<br>82,650<br>Using the above information prepare a December statement<br>of owner's equity for Ernst Consulting. Hint: J. Ernst, Capital<br>on December 1 was $0.<br>ERNST CONSULTING<br>Statement of Owner's Equity<br>J. Ernst, Capital, December 1<br>2$<br>2$<br>](https://s3.us-east-1.amazonaws.com/storage.unifolks.com/qimg-008/008_7dznzp0-cmkjh2wj.jpeg)
Extracted text: Required information [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $82,650 in assets to launch the business. On December 31, the company's records show the following items and amounts. $ 15,200 Cash withdrawals by owner 12,410 Consulting revenue 1,770 Rent expense 46,080 Salaries expense 16,450 Telephone expense 6,060 Miscellaneous expenses Cash Accounts receivable Office supplies Land Office equipment Accounts payable Owner investments 82,650 Using the above information prepare a December statement of owner's equity for Ernst Consulting. Hint: J. Ernst, Capital on December 1 was $0. ERNST CONSULTING Statement of Owner's Equity J. Ernst, Capital, December 1 2$ 2$