On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,010 in assets to launch the business. On October 31, the company’s records show the following items and amounts.     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

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question

On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,010 in assets to launch the business. On October 31, the company’s records show the following items and amounts.
 

 
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   610
Owner investments   83,010        
 

 

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


 

 
AutoSave
Off
H
Document3 -
Word (Unlicensed Product)
P Search (Alt+Q)
Jenalle Sturgis (jsturgis1.CSU)
JS
File
Design
Layout
References Mailings
Review
View
Help Grammarly
P Comments
A Share
Home
Insert
Draw
Calibri (Body)
v 11
2- v
B
I U v ab x, x A
=E E E
Heading 1
Normal
No Spacing
Editing Dictate
Sensitivity
Editor
Reuse
Оpen
Grammarly
Paste
A
A
A A
• Aa v
Files
Undo
Clipboard
Font
Paragraph
Styles
Voice
Sensitivity
Editor Reuse Files Grammarly
ERNST CONSULTING
Statement of Owner's Equity
For Month Ended October 31
$
|
Page 1 of 1
O words
W Text Predictions: On
* Accessibility: Investigate
D Focus
100%
5:40 PM
P Type here to search
W
Rain...
3/22/2022
10
近
Transcribed Image Text:AutoSave Off H Document3 - Word (Unlicensed Product) P Search (Alt+Q) Jenalle Sturgis (jsturgis1.CSU) JS File Design Layout References Mailings Review View Help Grammarly P Comments A Share Home Insert Draw Calibri (Body) v 11 2- v B I U v ab x, x A =E E E Heading 1 Normal No Spacing Editing Dictate Sensitivity Editor Reuse Оpen Grammarly Paste A A A A • Aa v Files Undo Clipboard Font Paragraph Styles Voice Sensitivity Editor Reuse Files Grammarly ERNST CONSULTING Statement of Owner's Equity For Month Ended October 31 $ | Page 1 of 1 O words W Text Predictions: On * Accessibility: Investigate D Focus 100% 5:40 PM P Type here to search W Rain... 3/22/2022 10 近
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Similar questions
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,