Question
It says this isn’t complete, anything else I’m missing?

[The following information applies to the questions displayed below On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,580 in assets in exchange for its common stock to launch the business. On October 31, the companys records show the following items and amounts 9,390 Cash dividends 16,e00 Consulting revenue Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common Stock 2,65e 16,880 4,190 7,578 830 650 3,838 Rent expense 45,988 Salaries expense 18,550 Telephone expense 9,860 Miscellaneous expenses 84,580 Using the above information prepare an October 31 balance sheet for Ernst Consulting ERNST CONSULTING Balance Sheet Assets Liabilities 9,060 Cash Accounts receivable Office supplies 9,390 Accounts payable 16,000 Equity 3,830 45,980 Common stock 18,550 Retained earnings 84,580 and 110 Office equipment otal equity $ 93,750 Total liabilities and equity 84,690 93,750 Total assets
0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
It says this isn’t complete, anything else I’m missing? [The following information applies to the questions...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 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 $84,580 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 Connon Stock $ 9,390 16,000 3,830 45,989 18,550 9,060 84,580 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense...

  • On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $84,580 in...

    On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $84,580 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. $2,65 Cash Accounts receivable office supplies Land Office equipment Accounts payable Common Stock 9,390 Cash dividends 16,ee0 Consulting revenue 3,830 Rent expense 45,988Salaries expense 18,550 Telephone expense 9,e60 Miscellaneous expenses 84,588 16,880 4,190 7,570 830 650 Using the above information prepare...

  • 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...

  • it appears that a step is missing. [The following information applies to the questions displayed below.)...

    it appears that a step is missing. [The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $82,780 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 $15,760 12,599 1,960 46,030 16,580 7,250 82,789...

  • 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 $85,460 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 3,490 19,000 4,920 8,500 890 700 $6,650 Cash dividends 19,000 Consulting revenue 4,640 Rent expense 46,000 Salaries 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 $82,890 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 $82,650 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...

  • help!!! Use the following information for exercise 15 to 18 LO P2 The following information applies...

    help!!! Use the following information for exercise 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. Retained earnings, October 1 as $0. Cash Accounts receivable Office Supplies Land Office equipment Accounts payable Common stock $11,360 14,000...

  • 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...

  • 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...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT