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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 $83,850 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 information below to prepare a December 31 balance sheet for Ernst Consulting. On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,850 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 information below to prepare a December 31 balance sheet for Ernst Consulting

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