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3 of 3 Required information [The following information applies to the questions displayed below.) On October 1. Ebony Ernst organized Ernst Consulting: on October 3,

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3 of 3 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 $84.000 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. Look Cash Accounts receivable office supplies Land office equipment Accounts payable Common stock $11,360 14,000 3,250 46,000 18,000 8,560 34,000 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,000 14,000 3,5se 7.000 760 580 ent rences Using the above information prepare an October income statement for the business ERNST CONSULTING Income Statement Using the above information prepare an October income statement for the business, art 1 of 3 ERNST CONSULTING Income Statement 54 pints eBook D Hint Print References Mc WEE 2 Praw 12 14 16 16

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