Chrome File Edit View History Bookmarks Profiles Tab Window Help Inbox (240) - abigailoforiwaa × MGmail X WiConnect- Home x M Question 2 - Mid-Term Exam + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... Mid-Term Exam i Required information Saved 2 [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,660 in assets to launch the business. On December 31, the company's records show the following items and amounts. Part 1 of 4 Cash $ 12,040 Accounts receivable 13,720 Cash withdrawals by owner Consulting revenue Office supplies Land 45,940 Office equipment Ask Accounts payable Owner investments 2,990 Rent expense 17,710 Telephone expense 8,230 Miscellaneous expenses 83,660 Salaries expense aw $ 1,760 13,720 3,210 6,690 870 680 Using the above information prepare a December income statement for the business. Revenues ERNST CONSULTING Income Statement For Month Ended December 31 Consulting revenue Total revenues $ 13,720 이 0 Expenses Rent expense 3,210 Salaries expense 6,690 075 Talaskin 13,720 S < Prev 2 34 of 13 Next > 5 tv♫ AO Aa Help Sav
Chrome File Edit View History Bookmarks Profiles Tab Window Help Inbox (240) - abigailoforiwaa × MGmail X WiConnect- Home x M Question 2 - Mid-Term Exam + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... Mid-Term Exam i Required information Saved 2 [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,660 in assets to launch the business. On December 31, the company's records show the following items and amounts. Part 1 of 4 Cash $ 12,040 Accounts receivable 13,720 Cash withdrawals by owner Consulting revenue Office supplies Land 45,940 Office equipment Ask Accounts payable Owner investments 2,990 Rent expense 17,710 Telephone expense 8,230 Miscellaneous expenses 83,660 Salaries expense aw $ 1,760 13,720 3,210 6,690 870 680 Using the above information prepare a December income statement for the business. Revenues ERNST CONSULTING Income Statement For Month Ended December 31 Consulting revenue Total revenues $ 13,720 이 0 Expenses Rent expense 3,210 Salaries expense 6,690 075 Talaskin 13,720 S < Prev 2 34 of 13 Next > 5 tv♫ AO Aa Help Sav
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Chrome
File Edit View History
Bookmarks
Profiles
Tab
Window Help
Inbox (240) - abigailoforiwaa
×
MGmail
X
WiConnect- Home
x M Question 2 - Mid-Term Exam
+
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe...
Mid-Term Exam i
Required information
Saved
2
[The following information applies to the questions displayed below.]
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,660 in assets to
launch the business. On December 31, the company's records show the following items and amounts.
Part 1 of 4
Cash
$ 12,040
Accounts receivable
13,720
Cash withdrawals by owner
Consulting revenue
Office supplies
Land
45,940
Office equipment
Ask
Accounts payable
Owner investments
2,990 Rent expense
17,710 Telephone expense
8,230 Miscellaneous expenses
83,660
Salaries expense
aw
$ 1,760
13,720
3,210
6,690
870
680
Using the above information prepare a December income statement for the business.
Revenues
ERNST CONSULTING
Income Statement
For Month Ended December 31
Consulting revenue
Total revenues
$ 13,720
이
0
Expenses
Rent expense
3,210
Salaries expense
6,690
075
Talaskin
13,720
S
< Prev
2
34
of 13
Next >
5
tv♫
AO
Aa
Help
Sav](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F80b45471-670e-4c49-990f-b002a1df36f6%2F4239acde-e2c6-40a9-9d25-3e414ac81945%2Frtacbow_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Chrome
File Edit View History
Bookmarks
Profiles
Tab
Window Help
Inbox (240) - abigailoforiwaa
×
MGmail
X
WiConnect- Home
x M Question 2 - Mid-Term Exam
+
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe...
Mid-Term Exam i
Required information
Saved
2
[The following information applies to the questions displayed below.]
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,660 in assets to
launch the business. On December 31, the company's records show the following items and amounts.
Part 1 of 4
Cash
$ 12,040
Accounts receivable
13,720
Cash withdrawals by owner
Consulting revenue
Office supplies
Land
45,940
Office equipment
Ask
Accounts payable
Owner investments
2,990 Rent expense
17,710 Telephone expense
8,230 Miscellaneous expenses
83,660
Salaries expense
aw
$ 1,760
13,720
3,210
6,690
870
680
Using the above information prepare a December income statement for the business.
Revenues
ERNST CONSULTING
Income Statement
For Month Ended December 31
Consulting revenue
Total revenues
$ 13,720
이
0
Expenses
Rent expense
3,210
Salaries expense
6,690
075
Talaskin
13,720
S
< Prev
2
34
of 13
Next >
5
tv♫
AO
Aa
Help
Sav
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education