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On December 1, Jasmin Ernst organized Ernst Consulting. On December 3 , the owner contributed...

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Accounting

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On December 1, Jasmin Ernst organized Ernst Consulting. On December 3 , the owner contributed $82,650 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. sing the above information prepare a December statement of retained earnings for Ernst Consulting. Hint: Retained Earnings on ecember 1 was $0. On December 1 , Jasmin Emst organized Ernst Consulting. On December 3 , the owner contributed $82,650 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. Use the above information to prepare a December 31 balance sheet for Ernst Consulting

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