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Homework Answers
| ERNST CONSULTING | ||
| Income Statement | ||
| For Month Ended October 31 | ||
| Revenues | ||
| Consulting revenue | 12720 | |
| Total revenues | 12720 | |
| Expenses | ||
| Salaries expense | 5620 | |
| Rent expense | 2380 | |
| Telephone expense | 780 | |
| Miscellaneous expenses | 600 | |
| Total expenses | 9380 | |
| Net income | 3340 |
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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...
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...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $82,890 in assets in exchange...
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 Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 830 12,720...
! Required information [The following information applies to the questions displayed below.] On October 1, Ebony...
! 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 $15,140 12,720 Cash dividends 830 Cash Consulting revenue 12,720 2,380 5,620 780 Accounts receivable office supplies 2,110 46,010 16,780 Rent expense Salaries expense...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $82,890 in...
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 Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 830 12,720...
Required information Use the following information for exercise 15 to 18 LO P2 [The following information...
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 $82,890 in assets to launch the business. On October 31, the company’s records show the following items and amounts. Cash $ 15,140 Cash withdrawals by owner $ 830 Accounts receivable 12,720 Consulting revenue 12,720 Office supplies 2,110 Rent expense 2,380 Land 46,010 Salaries expense...
Country A decides to sign a trade agreement with Country B. Suppose Country B specializes in...
Country A decides to sign a trade agreement with Country B. Suppose Country B specializes in producing electronics. We can expect the quantity of electronics imported from Country B to and the price of electronics in Country A to 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 $82.890 in assets in exchange for its...
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...
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...
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 $84,200 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 10,710 14, 160 3,450 46,030 18,170 8,630 84,200 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,180...
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 $84,200 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 $ 10,710 Cash dividends $ 2,180 Accounts receivable 14,800 Consulting revenue 14,800 Office supplies 3,450 Rent expense 3,750 Land 46,030 Salaries expense 7,160 Office equipment 18,170 Telephone expense 780...
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...
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 Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 830 12,720...
! 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 $15,140 12,720 Cash dividends 830 Cash Consulting revenue 12,720 2,380 5,620 780 Accounts receivable office supplies 2,110 46,010 16,780 Rent expense Salaries expense...
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 Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 830 12,720...
Country A decides to sign a trade agreement with Country B. Suppose Country B specializes in producing electronics. We can expect the quantity of electronics imported from Country B to and the price of electronics in Country A to 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 $82.890 in assets in exchange for its...
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 $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...
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 $84,200 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 10,710 14, 160 3,450 46,030 18,170 8,630 84,200 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,180...
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