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0 Required information The following information applies to the questions displayed below] On December 1, Jasmin Ernst organized Emst Consulting. On December 3, the
0 Required information The following information applies to the questions displayed below] On December 1, Jasmin Ernst organized Emst Consulting. On December 3, the owner contributed $84,310 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash Accounts receivable office supplies $ 10,200 Cash withdrawals by owner 15,200 Consulting revenue 3,550 Rent expense $ 2,340 15,2001 3,910 Land 7,350 office equipment 790 Accounts payable Owner Investments 8,740 Miscellaneous expenses 84,310 610 45,990 Salaries expense 18,310 Telephone expense Using the above information prepare a December statement of owner's equity for Ernst Consulting. Hint J. Ernst, Capital on December 1 was $0. ERNST CONSULTING Statement of Owner's Equity J Emst, Capital, December 1 $ 0
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