3. of 2 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 $85,160 in assets to launch the business. On October 31, the company's records show the following items and amounts. 2,000 Cash Accounts $ 8,710 Cash dividends 17,100 Consulting fees earned 17,100 receivable Office supplies 4,310 Rent expense 4,720 Land 46,000 Salaries expense 8,220 Office equipment 19,190 Telephone expense 900 Accounts payable 9,600 Miscellaneous expenses 710 Common stock 85,160 Using the above information prepare an October 31 balance sheet for Ernst Consulting. 9 < Prev 3 of 4 Next >