Question

I'm not too sure what I am doing wrong here, it says I have the current setup correct but missing content
Required information Use the following information for exercises 15 to 18 LO P2 (The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,000 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. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common Stock $11,360 14,000 3,250 46,000 18,000 8,500 84,000 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,000 14,000 3,550 7,000 760 580

Answer 1

	Ernst Consulting
	Income Statement
	For the month ended October 31
(a)	Revenues
	Consultancy fees earned	$ 14,000
	Total revenues		$ 14,000
(b)	Expenses
	Rent Expense	$    3,550
	Salaries Expense	$    7,000
	Telephone Expense	$        760
	Miscellaneous Expense	$        580
	Total expense		$ 11,890
(a) - (b)	Net Income		$    2,110