Cash $ 14,890 Cash withdrawals by owner $ 930 Accounts receivable 12,820 Consulting revenue 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
Cash $ 14,890 Cash withdrawals by owner $ 930 Accounts receivable 12,820 Consulting revenue 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Cash | $ | 14,890 | Cash withdrawals by owner | $ | 930 | |
12,820 | Consulting revenue | 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 |
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Exercise 1-17 Preparing a balance sheet LO P2
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Exercise 1-17 Preparing a balance sheet LO P2
Using the above information prepare an October 31 balance sheet for Ernst Consulting.
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ERNST CONSULTING
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Balance Sheet
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