Homework Answers
Answer
| ERNST CONSULTING | ||
| Income Statement | ||
| For Month Ended October 31 | ||
| Revenues | ||
| Consulting fees earned | $18,350 | |
| Total revenues | $18,350 | |
| Expenses | ||
| Salaries expense | $8,370 | |
| Rent expense | $4,820 | |
| Telephone expense | $910 | |
| Miscellaneous expenses | $720 | |
| Total expenses | $14,820 | |
| Net income | $3,530 | |
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Homework 0 Saved Help Sa Tine Following informaton appnes to the questions displayed below) On October...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $85,360 in...
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...
[The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst...
[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 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 Owner investments $ 7,010 Cash withdrawals by owner $ 3,390 15,360 4,820 8,370 910 720 15,360 Consulting fees earned Rent expense Salaries expense Telephone expense 4,480 46,040 19,360...
Required information [The following information applies to the questions displayed below.) On October 1, Ebony Ernst...
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 $83,850 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 $11,580 Cash dividends 14,000 Consulting revenue 3, 140 Rent expense 46,000 Salaries expense 17,820 Telephone expense Ana Miscellaneous...
Help Required information [The following information applies to the questions displayed below.] On October 1, Ebony...
Help 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 $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. Retained earnings, October 1 as $0. 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...
Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst...
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 $82,890 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 $15, 140 12,720 2,110 46,010 16,780 7,360 82,890 Cash dividends Consulting revenue...
Required information [The following information applies to the questions displayed below.) On October 1, Ebony Ernst...
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 $82,890 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 $15, 140 12,720 2,110 46,010 16,780 7,360 82,890 Cash dividends Consulting revenue...
Required information [The following information applies to the questions displayed below.) On October 1, Ebony Erst...
Required information [The following information applies to the questions displayed below.) On October 1, Ebony Erst organized Ernst Consulting; on October 3, the owner contributed $82,650 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 $15,200 12,410 1,770 46,080 16,450 6,060 82,650 Cash dividends Consulting revenue Rent...
O Required information [The following information applies to the questions displayed below) On October 1, Ebony...
O Required information [The following information applies to the questions displayed below) On October 1, Ebony Erst organized Ernst Consulting; on October 3, the owner contributed $82,650 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 $15,200 12, 410 1,770 46,080 16,450 6,060 82,650 Cash dividends Consulting...
2,3 Saved Help Save & Exit [The following information applies to the questions displayed below.] On...
2,3 Saved Help Save & Exit [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,390 In assets 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 Owner investments $13, 210 13,320 2,720 45,910 17,350 7,970 83,390 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense...
Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst...
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 $82,650 in assets 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 $ 12,560 12,410 1,770 46,080 16,450 6,060 82,650 Cash dividends $ 3,100 Consulting fees earned 12,410 Rent expense 2,140 Salaries expense 5,300 Telephone expense...
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...
[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 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 Owner investments $ 7,010 Cash withdrawals by owner $ 3,390 15,360 4,820 8,370 910 720 15,360 Consulting fees earned Rent expense Salaries expense Telephone expense 4,480 46,040 19,360...
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 $83,850 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 $11,580 Cash dividends 14,000 Consulting revenue 3, 140 Rent expense 46,000 Salaries expense 17,820 Telephone expense Ana Miscellaneous...
Help 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 $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. Retained earnings, October 1 as $0. 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...
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 $82,890 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 $15, 140 12,720 2,110 46,010 16,780 7,360 82,890 Cash dividends Consulting revenue...
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 $82,890 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 $15, 140 12,720 2,110 46,010 16,780 7,360 82,890 Cash dividends Consulting revenue...
Required information [The following information applies to the questions displayed below.) On October 1, Ebony Erst organized Ernst Consulting; on October 3, the owner contributed $82,650 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 $15,200 12,410 1,770 46,080 16,450 6,060 82,650 Cash dividends Consulting revenue Rent...
O Required information [The following information applies to the questions displayed below) On October 1, Ebony Erst organized Ernst Consulting; on October 3, the owner contributed $82,650 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 $15,200 12, 410 1,770 46,080 16,450 6,060 82,650 Cash dividends Consulting...
2,3 Saved Help Save & Exit [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,390 In assets 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 Owner investments $13, 210 13,320 2,720 45,910 17,350 7,970 83,390 Cash withdrawals by owner Consulting revenue 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 $82,650 in assets 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 $ 12,560 12,410 1,770 46,080 16,450 6,060 82,650 Cash dividends $ 3,100 Consulting fees earned 12,410 Rent expense 2,140 Salaries expense 5,300 Telephone expense...
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