On October 1, Ebony Ernst organized Ernst Consulting; On October 3, the owner contributed $84,780 in assets to launch the business. On October 31, the company's records show the following items and amounts Cash $8,990                                       cash withdrawals by owner $2,830 Accounts receivable $14,740             consulting revenue $14,740 office supplies $3,930                        rent expense $4,300 land $45,980                                      salaries expense $7,740 office equipment $18,660                  telephone expense $850 accounts payable $9,170                    miscellaneous expense $670 owner investments $84,780 Using the above information prepare and October statement of owner's equity for Ernst Consulting           ERNST CONSULTING Statement of Owner’s Equity For Month Ended October 31   $0           0

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On October 1, Ebony Ernst organized Ernst Consulting; On October 3, the owner contributed $84,780 in assets to launch the business. On October 31, the company's records show the following items and amounts

Cash $8,990                                       cash withdrawals by owner $2,830

Accounts receivable $14,740             consulting revenue $14,740

office supplies $3,930                        rent expense $4,300

land $45,980                                      salaries expense $7,740

office equipment $18,660                  telephone expense $850

accounts payable $9,170                    miscellaneous expense $670

owner investments $84,780

Using the above information prepare and October statement of owner's equity for Ernst Consulting

 
 
 
 
 
ERNST CONSULTING
Statement of Owner’s Equity
For Month Ended October 31
  $0
   
   
  0
   
   
 
 
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