please help me !Required informationUse the following information for the Exercises below. (Algo)[The following information applies to the questions displayed below.]On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,580 in assets tolaunch the business. On December 31, the company's records show the following items and amounts.CashAccounts receivableOffice suppliesLandOffice equipmentAccounts payableOwner investmentsSaved$9,390 Cash withdrawals by owner16,020 Consulting revenue3,830 Rent expense45,988 Salaries expense18,550 Telephone expense9,060 Miscellaneous expenses84,580ERNST CONSULTINGStatement of Owner's Equity$ 2,65016,0204,1907,578830650Exercise 1-19 (Algo) Preparing a statement of owner's equity LO P2Using the above information prepare a December statement of owner's equity for Ernst Consulting. Hint. J. Ernst, Capital on December1 was $0.

Name: please help me !Required informationUse the following information for
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Description: please help me !Required informationUse the following information for the Exercises below. (Algo)[The following information applies to the questions displayed below.]On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner con

A statement of owner's equity is an essential part of the financial statements of the company. It…

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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,580 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash Accounts receivable Office supplies Land office equipment Accounts payable Owner investments $9,390 Cash withdrawals by owner 16,820 Consulting revenue 3,830 Rent expense 45,988 Salaries expense 18,550 Telephone expense 9,060 Miscellaneous expenses 84,580 ERNST CONSULTING $ 2,650 16,020 4,190 7,570 830 650 Exercise 1-19 (Algo) Preparing a statement of owner's equity LO P2 Using the above information prepare a December statement of owner's equity for Ernst Consulting. Hint J. Ernst, Capital on Decem 1 was $0.