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![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<br>16,450 Telephone expense<br>6,060 Miscellaneous expenses<br>82,650<br>Cash<br>Accounts receivable<br>Office supplies<br>Land<br>Salaries expense<br>Office equipment<br>Accounts payable<br>Owner investments<br>Use the above information to prepare a December 31 balance<br>sheet for Ernst Consulting.<br>ERNST CONSSULTING<br>Balance Sheet<br>](https://s3.us-east-1.amazonaws.com/storage.unifolks.com/qimg-008/008_9kfbzp0-bb5omuq2.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 16,450 Telephone expense 6,060 Miscellaneous expenses 82,650 Cash Accounts receivable Office supplies Land Salaries expense Office equipment Accounts payable Owner investments Use the above information to prepare a December 31 balance sheet for Ernst Consulting. ERNST CONSSULTING Balance Sheet
![nformation<br>'g information applies to the questions<br>low.]<br>er 1, Jasmin Ernst organized Ernst Consulting.<br>er 3, the owner contributed $82,650 in assets to<br>usiness. On December 31, the company's<br>v the following items and amounts.<br>$ 15,200 Cash withdrawals by owner<br>12,410 Consulting revenue<br>1,770 Rent expense<br>46,080 Salaries<br>16,450 Telephone expense<br>6,060 Miscellaneous expenses<br>$ 460<br>12,410<br>2,140<br>5,300<br>eceivable<br>plies<br>xpense<br>ipment<br>ayable<br>750<br>560<br>stments<br>82,650<br>nformation to prepare a December 31 balance<br>Consulting.<br>ERNST CONSULTING<br>Balance Sheet<br>](https://s3.us-east-1.amazonaws.com/storage.unifolks.com/qimg-008/008_k0jbzp0-yipi0i0k.jpeg)
Extracted text: nformation 'g information applies to the questions low.] er 1, Jasmin Ernst organized Ernst Consulting. er 3, the owner contributed $82,650 in assets to usiness. On December 31, the company's v the following items and amounts. $ 15,200 Cash withdrawals by owner 12,410 Consulting revenue 1,770 Rent expense 46,080 Salaries 16,450 Telephone expense 6,060 Miscellaneous expenses $ 460 12,410 2,140 5,300 eceivable plies xpense ipment ayable 750 560 stments 82,650 nformation to prepare a December 31 balance Consulting. ERNST CONSULTING Balance Sheet