![dow Help [ ] 75% E, Wed 11:18 AM Help Save & Exit Submit Check my work ine rouowing mrormaion appiwes to ine quesbons aispvayea penow On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $84.200 n assets in exchange for its common stock to launch the business. On October 31, the companys records show the following items and amounts. $10,710 Cash dividends Accounts receivable office suppiies Land office equipment Accounts payable Common Stock $ 2,180 14.800 3,750 7,160 780 14,800 Consulting revenue 3,450 Rent expense 46,030 Salaries expesse 18,170 Telephone expense 8,630 Miacellaneous expenses 84,200 Exercise 1-15 Preparing an income statement LO P2 Using the above information prepare an October income statement for the business. ERNST CONSULTING Income Statement くPrev 1of 11 Next D DII Do v12.](http://img.homeworklib.com/questions/dc4b4690-5d03-11ea-813c-7747a38d1860.png?x-oss-process=image/resize,w_560)
Homework Answers
Solution:
| Income Statement | ||
| Revenues: | ||
| Consulting revenue | 14,800 | |
| Expenses: | ||
| Rent | 3,750 | |
| Salaries | 7,160 | |
| Telephone | 780 | |
| Miscellaneous expenses | 600 | |
| Total expenses | 12,290 | |
| Net income (loss) | 2,510 |
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dow Help [ ] 75% E, Wed 11:18 AM Help Save & Exit Submit Check my...
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...
Determine the missing amount from each of the separate situations given below. + Equity 37,000 +...
Determine the missing amount from each of the separate situations given below. + Equity 37,000 + $ Assets = Liabilities + (a) | = | $ 155,000 + (b) $ 130,000 = $ 59,000 + | (c) | $ 213,000 = 1 + + $ 62,000 + Required informatione World Of Videos [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...
Check my work [The following information applies to the questions displayed below.) On October 1, Ebony...
Check my work [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, 630 18,170 8,630 84, 200 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense 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 $84,200 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...
Window Help 68% wed 12:28 P 1-16 Help Save & Exit Submit Check my work i...
Window Help 68% wed 12:28 P 1-16 Help Save & Exit Submit Check my work i ne romowing inmormation appues to ine questions aispvayea Delow On October 1, Ebony Ernst organized Ernst Consulting: on October 3. the owner contributed $85.050 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 7,950Cash dividesds 17,500 Consulting reverge 4,200 Rent expense 46,010 Salaries expense 19,060 Telephone expense 9,430 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 $84,200 in assets to launch the business. On October 31, the company's records show the following items and amounts. cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $10, 710 14, 160 3, 450 46, 030 18, 170 8, 630 84, 200 $ 2, 180 14, 160 3,750 7,160 780...
ter 1H X Pearson eT x E Untitled do Маcro Hoп X x6 Register | P...
ter 1H X Pearson eT x E Untitled do Маcro Hoп X x6 Register | P X E Chapter 1. x New Tab ect.mheducation.com/flow/connect.html mework O Saved Help Save (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...
Submit 29 Help Save & Exit Required information The following information applies to the questions displayed...
Submit 29 Help Save & Exit 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 $83,660 in assets to launch the business. On October 31, the company's records show the following items and amounts Part 2 of 3 Cash Accounts receivable office supplies Land Office equipment Accounts payable Owner investments $12.640 13,720 2,990 45,940 17,710 8,230 83,660 Cash withdrawals by owner Consulting revenue Rent...
Done Ch. 1-Quz 6 Help Save&Exit Submit 4 Required information The following information applies to the...
Done Ch. 1-Quz 6 Help Save&Exit Submit 4 Required information The following information applies to the questions displayed below) On October 1, Ebony Emst organized Emst Consulting; on October 3, the owner contributed $83,540 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 14.28 12,650 Cash dividends 12.800 Consulting revesue Accounts receivable of f ice uppl les office equipment 7.530Telephone 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...
Determine the missing amount from each of the separate situations given below. + Equity 37,000 + $ Assets = Liabilities + (a) | = | $ 155,000 + (b) $ 130,000 = $ 59,000 + | (c) | $ 213,000 = 1 + + $ 62,000 + Required informatione World Of Videos [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...
Check my work [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, 630 18,170 8,630 84, 200 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense 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 $84,200 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...
Window Help 68% wed 12:28 P 1-16 Help Save & Exit Submit Check my work i ne romowing inmormation appues to ine questions aispvayea Delow On October 1, Ebony Ernst organized Ernst Consulting: on October 3. the owner contributed $85.050 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 7,950Cash dividesds 17,500 Consulting reverge 4,200 Rent expense 46,010 Salaries expense 19,060 Telephone expense 9,430 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 $84,200 in assets to launch the business. On October 31, the company's records show the following items and amounts. cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $10, 710 14, 160 3, 450 46, 030 18, 170 8, 630 84, 200 $ 2, 180 14, 160 3,750 7,160 780...
ter 1H X Pearson eT x E Untitled do Маcro Hoп X x6 Register | P X E Chapter 1. x New Tab ect.mheducation.com/flow/connect.html mework O Saved Help Save (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...
Submit 29 Help Save & Exit 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 $83,660 in assets to launch the business. On October 31, the company's records show the following items and amounts Part 2 of 3 Cash Accounts receivable office supplies Land Office equipment Accounts payable Owner investments $12.640 13,720 2,990 45,940 17,710 8,230 83,660 Cash withdrawals by owner Consulting revenue Rent...
Done Ch. 1-Quz 6 Help Save&Exit Submit 4 Required information The following information applies to the questions displayed below) On October 1, Ebony Emst organized Emst Consulting; on October 3, the owner contributed $83,540 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 14.28 12,650 Cash dividends 12.800 Consulting revesue Accounts receivable of f ice uppl les office equipment 7.530Telephone expense...
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