0 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 $84,000 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash Accounts receivable Office supplies Land office equipment t Accounts payable Owner investments $ 11,360 Cash withdrawals by owner 14,000 Consulting revenue. 3,250 Rent expense 46,000 Salaries expense 18,000 Telephone expense 8,500 Miscellaneous expenses 84,000 $2,000 14,000 3,550 7,000 760 580 Using the above information prepare a December statement of owner's equity for Ernst Consulting. Hint Jasmin Ernst, Capital on December 1 was $0. ERNST CONSULTING Statement of Owner's Equity Jasmin Emst, Capital, December 1 $ 0 $ 0 A G < Prev 7 8 9 of 9 Next >