Question 9   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

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Question 9
 
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

 

 

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Exercise 1-16 Preparing a statement of owner's equity LO P2
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Using the above information prepare an October statement of owner's equity for Ernst Consulting.
2.27
polnts
ERNST CONSULTING
Statement of Owner's Equity
For Month Ended October 31
еВook
$
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Graw
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