Answer | ||
ERNST CONSULTING | ||
Income Statement | ||
For Month Ended October 31 | ||
Particular | $ | $ |
Consulting revenue | $ 14,000 | |
Total revenue | $ 14,000 | |
Less : Operating Expenses | ||
Salaries expense | $ 7,000 | |
Rent expense | $ 3,550 | |
Telephone expense | $ 760 | |
Miscellaneous expenses | $ 580 | $ 11,890 |
Net income | $ 2,110 |
Help Required information [The following information applies to the questions displayed below.] On October 1, Ebony...
Looking for a solution to this question ! 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...
Path Home Chapter 01 Homework omework Saved Help S. On October 1, Ebony Ernst organized trnst 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 followin items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable office supplies Land $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 $...
Required information 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 to launch the business. On October 31, the company's records show the following items and amounts. $ 2,000 14,000 3,550 7,000 760 Cash withdrawals by owner Consulting revenue Rent expense $11,360 Cash 14,000 Accounts receivable office supplies Land office equipment Accounts...
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...
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...
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...
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...
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...
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 $85,460 in assets to launch the business. On October 31, the company’s records show the following items and amounts. Cash $ 6,650 Cash withdrawals by owner $ 3,490 Accounts receivable 15,520 Consulting revenue 15,520 Office supplies 4,640 Rent expense 4,920 Land 46,000 Salaries expense 8,500 Office equipment 19,560 Telephone expense 890 Accounts payable 9,890 Miscellaneous...