51% , Wed 5:40 Ethos of NRA ad Saved Help Save &Exit Submit Check my work equired information Use the following information for exercises 15 to 18 LO P2 The following information applies to the questions displayed below On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,580 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. s 2,650 16,000 ,290 7,570 830 650 Cash $9,390 Cash dividends Accounts receivable 16,000 Consulting office supplies Land 3,830 Rent expense 45,980Salaries expense 18,550 Telephone expense ottice equipment Accounts payable 9,060 Kiscellaneous expenses 84,580 Common Stock Exercise 1-17 Preparing a balance sheet LO P2 Using the above information prepare an October 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet As of October 31 Equity Prev 1 of 1 Next> FS