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On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $85,360 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $ 7,010 18,350 4,480 46,040 19,360 9,740 85,360 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 3,390 18,350 4,820 8,370 910 720 Using the above information prepare an October income statement for the business. ERNST CONSULTING Income Statement Accounts payable Accounts receivable Cash Cash dividends ERNST CONSULTING Income Statement McCUUTTCS Teceivable Cash Cash dividends Common stock Consulting revenue Land Using the above information prepare an October income state ERNST CONSULTING Income Statement Common stock Consulting revenue Land Miscellaneous expenses Office equipment Office supplies Using the above information prepare an October income sta ERNST CONSULTING Income Statement Miscellaneous expenses Office equipment Office supplies Rent expense Salaries expense Telephone expense Required information [The following information applies to the questions displayed below) On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $85,360 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $ 7,010 18,350 4.480 46,040 19,360 9,740 85,360 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 3,390 18,350 4,820 8,370 910 720 Using the above information prepare an October statement of retained earnings for Ernst Consulting. ERNST CONSULTING Statement of Retained Earnings Using the above information prepare an October statement of re ERNST CONSULTING Statement of Retained Earnings Accounts payable Accounts receivable Cash Cash dividends Common stock Using the above information prepare an October stateme ERNST CONSULTING Statement of Retained Earnings Consulting fees earned Land Miscellaneous expenses Office equipment Office supplies Using the above information prepare an October statement of retaine ERNST CONSULTING Statement of Retained Earnings Umce suppres Rent expense Retained earnings, October 1 Retained earnings, October 31 Salaries expense Telephone expense Required information [The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $85,360 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $ 7,010 18,350 4,480 46,040 19,360 9,740 85,360 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 3,390 18,350 4,820 8,370 910 720 Using the above information prepare an October 31 balance sheet for Ernst Consulting, ERNST CONSULTING Balance Sheet Using the above information prepare an October 31 balance si ERNST CONSULTING Balance Sheet Accounts payable Accounts receivable Cash Cash dividends Common stock Consulting fees earned Using the above information prepare an October 31 balan ERNST CONSULTING Balance Sheet Consuiting rees earnea Land Miscellaneous expenses Office equipment Office supplies Rent expense $ 3 18 Cash Accounts receivable Office supplies Land office equipment Accounts payable Common stock $ 7,010 Cash dividends 18,350 Consulting revenue 4,480 Rent expense 46,040 Salaries expense 19, 360 Telephone expense 9,740 Miscellaneous expenses 85,360 0000 Using the above information prepare an October 31 balance sheet for Ernst Con ERNST CONSULTING Balance Sheet Office supplies Rent expense Retained earnings Salaries expense Telephone expense

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