S Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,780 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $ 8,990 16,540 3,930 45,980 18,660 9,170 84,780 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses ERNST CONSULTING Statement of Retained Earnings $ 2,830 16,540 4,300 7,740 850 670 Using the above information prepare an October statement of retained earnings for Ernst Consulting.

mework i Baird Company began operations on January 1, Year 1, by issuing common stock for $34,000 cash. During Year 1, Baird received $53,100 cash from revenue and incurred costs that required $38,100 of cash payments. Problem 10-26A (Algo) Part b Prepare a GAAP-based income statement and balance sheet for Baird Company for Year 1, under the following independent scenario: b. Baird is in the car rental business. The $38,100 was paid to purchase automobiles. The automobiles were purchased on January 1, Year 1, and have three-year useful lives, with no expected salvage value. Baird uses straight-line depreciation. The revenue was generated by leasing the automobiles. Complete this question by entering your answer in the tabs below. Income Statement 2 Prepare an Income Statement. W Balance Sheet S BAIRD COMPANY Income Statement for Year 1 7 3 E D 4 $ $ R D F 0 0 % 5 * 8 J 1 ( 9 K O 0 L P Help >

Required information [The following information applies to the questions displayed below] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,780 in assets in exchange for its common stock to launch the business. On December 31, the company's records show the following items and amounts. Canh Accounts receivable. office supplies office equipment Land Accounts payable Common stock Cash Office supplies Office equipment. Total assets Assets $ 8,990 16,540 3,930 Use the above information to prepare a December 31 balance sheet for Ernst Consulting. Cash dividends Consulting revenue Rent expense $ 18,660 Salaries expense 45,980 Telephone expense 9,170 Miscellaneous expenses 84,780 ERNST CONSULTING Balance Sheet For Month Ended December 31 8,990 Accounts payable 3,930 18,660 Total liabilities Common stock Retained earnings Liabilities Equity Total equity $ 31,580 Total liabilities and equity $ $ 9,170 9,170 84,780 $ 2,830 16,540 4,300 7,740 850 670…

The information on the following page was obtained from the records of Breanna Inc.:        Accounts receivable $ 10,700 Accumulated depreciation   50,700 Cost of goods sold   121,000 Income tax expense   8,500 Cash   62,000 Net sales   203,000 Equipment   127,000 Selling, general, and administrative expenses   36,000 Common stock (8,000 shares)   94,000 Accounts payable   13,900 Retained earnings, 1/1/19   28,800 Interest expense   5,900 Merchandise inventory   38,500 Long-term debt   35,000 Dividends declared and paid during 2019   15,800   Except as otherwise indicated, assume that all balance sheet items reflect account balances at December 31, 2019, and that all income statement items reflect activities that occurred during the year ended December 31, 2019. There were no changes in paid-in capital during the year.Required: Prepare an income statement and statement of changes in stockholders' equity for the year ended December 31, 2019, and a…