ADVANCED ACCOUNTING >CUSTOM<
14th Edition
ISBN: 9781265537012
Author: Hoyle
Publisher: MCG CUSTOM
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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 $84,310 in assets to
launch the business. On December 31, the company's records show the following items and amounts.
Cash
Accounts receivable
$ 10,200
15,200
Office supplies
3,550
Land
45,990
Office equipment
18,310
Accounts payable
Owner investments
84,310
8,740
Cash withdrawals by owner
Consulting revenue
Rent expense
Salaries expense
Telephone expense
Miscellaneous expenses
$ 2,340
15,200
3,910
7,350
790
610
Exercise 1-19 (Algo) Preparing a statement of owner's equity LO P2
Frnst Genculting Hint Jasmin Ernst Capitalon
Abc
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