Homework Answers
Ernst Consulting
Income Statement
For month ended Oct 31
| Revenues | ||
| Consulting Income | 14000 | |
| Total revenues | 14000 | |
| Expenses | ||
| Rent Expenses | 3550 | |
| Salaries | 7000 | |
| Telephone Expenses | 760 | |
| Miscellaneous Expenses | 580 | |
| Total Expenses | (11890) | |
| Net Income | $2110 |
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2 On October 1, Ebony Emst organized Emst Consulting, on October 3, the owner contributed $84,000...
On October 1, Ebony Ernst organized Emst Consulting, on October 3, the owner contributed $84,000 in...
On October 1, Ebony Ernst organized Emst Consulting, on October 3, the owner contributed $84,000 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 $11, 360 14.000 3.250 46.000 18,000 8.500 84.000 Caah withdrawala by owner $2,000 Consulting revenue 14.000 Rent expense 3,550 salaries expense 7.000 Telephone expense 760 Miacellaneous expenses 580 Accountants employed by a particular business as...
Return to question On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner...
Return to question 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 $11.360 14.000 3,250 46.000 18,000 3.500 84,000 Cash dividends consulting revenue Rant expense salaries expense Telephone expense Wiscellaneous expenses $ 2,000 14,000 3.550 1.000 office equipment Accounts...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $84,000 in...
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. $11,360 Cash dividends Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common Stock 2,000 14,000 3,550 7,000 766 588 14,668 Consulting revenue 3,250 Rent expense 46,eee Salaries expense 18,00 Telephone expense 8,500 Miscellaneous expenses 84,800 Exercise 1-18 Preparing a...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,010 in...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,010 in assets to launch the business. On October 31, the company’s records show the following items and amounts. Cash $ 14,890 Cash withdrawals by owner $ 930 Accounts receivable 12,820 Consulting fees earned 12,820 Office supplies 2,290 Rent expense 2,530 Land 45,960 Salaries expense 5,780 Office equipment 16,900 Telephone expense 790 Accounts payable 7,670 Miscellaneous expenses 610 Owner investments 83,010
Un October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $85,160 in...
Un October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $85,160 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 $ 7,520 17,950 4,310 46,000 19,190 9,600 85,160 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 3,190 17,950...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,010 in...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,010 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 $14, 890 Cash withdrawals by owner 930 12, 820 2,530 5, 780 790 12, 820 Consulting revenue 2,290 Rent expense 45,960 Salaries expense 16,900 Telephone expense 7,670 Miscellaneous expenses 83, 010 Using the above information...
Check my On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed...
Check my On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $85160 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. Part 2 of 4 Cash Accounts receivable office asupplies Land Office equipment Accounts payable Common Stock $ 7,520 Cash dividends 3,190 18,000 4,720 8,220 900 710 18,000 Consulting revenue 10 points 4,310 Rent expense 46,000 Salaries expense 19,190 Telephone...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,310 in...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,310 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 $ 10,200 Cash dividends $ 2,340 Accounts receivable 15,200 Consulting revenue 15,200 Office supplies 3,550 Rent expense 3,910 Land 45,990 Salaries expense 7,350 Office equipment 18,310 Telephone expense 790 Accounts payable 8,740 Miscellaneous expenses 610 Common Stock 84,310 Using the...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,390 in...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,390 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 $13,210 12,300 2,720 45,910 17,350 7,970 83,390 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,460 12,300 2,950 6,290 830 640 Using the above...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,390 in...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,390 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 $ 13,210 Cash dividends $ 1,460 Accounts receivable 12,300 Consulting revenue 12,300 Office supplies 2,720 Rent expense 2,950 Land 45,910 Salaries expense 6,290 Office equipment 17,350 Telephone expense 830 Accounts payable 7,970 Miscellaneous expenses 640 Common Stock 83,390 Using the...
On October 1, Ebony Ernst organized Emst Consulting, on October 3, the owner contributed $84,000 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 $11, 360 14.000 3.250 46.000 18,000 8.500 84.000 Caah withdrawala by owner $2,000 Consulting revenue 14.000 Rent expense 3,550 salaries expense 7.000 Telephone expense 760 Miacellaneous expenses 580 Accountants employed by a particular business as...
Return to question 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 $11.360 14.000 3,250 46.000 18,000 3.500 84,000 Cash dividends consulting revenue Rant expense salaries expense Telephone expense Wiscellaneous expenses $ 2,000 14,000 3.550 1.000 office equipment Accounts...
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. $11,360 Cash dividends Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common Stock 2,000 14,000 3,550 7,000 766 588 14,668 Consulting revenue 3,250 Rent expense 46,eee Salaries expense 18,00 Telephone expense 8,500 Miscellaneous expenses 84,800 Exercise 1-18 Preparing a...
Un October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $85,160 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 $ 7,520 17,950 4,310 46,000 19,190 9,600 85,160 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 3,190 17,950...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,010 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 $14, 890 Cash withdrawals by owner 930 12, 820 2,530 5, 780 790 12, 820 Consulting revenue 2,290 Rent expense 45,960 Salaries expense 16,900 Telephone expense 7,670 Miscellaneous expenses 83, 010 Using the above information...
Check my On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $85160 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. Part 2 of 4 Cash Accounts receivable office asupplies Land Office equipment Accounts payable Common Stock $ 7,520 Cash dividends 3,190 18,000 4,720 8,220 900 710 18,000 Consulting revenue 10 points 4,310 Rent expense 46,000 Salaries expense 19,190 Telephone...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,390 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 $13,210 12,300 2,720 45,910 17,350 7,970 83,390 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,460 12,300 2,950 6,290 830 640 Using the above...
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