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art 1 of 4 66 oints eBook Hint Print References Required information The following information...

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art 1 of 4 66 oints eBook Hint Print References 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 83 660 in assets in exchange for its common stock to launch the business On December 31 the company s records show the following items and amounts Cash Accounts receivable Office supplies office equipment Land Accounts payable Common stock 12 040 Cash dividends 13 720 Consulting revenue 2 990 Rent expense 17 710 45 940 8 230 Miscellaneous expenses 83 660 Salaries expense Telephone expense Using the above information prepare a December income statement for the business ERNST CONSULTING Income Statement 1 760 13 720 3 210 6 690 870 680

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