Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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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.


 

 
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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
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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
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