7 of 4 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 $84,580 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. Retained earnings. October 1 as $0. Cash Accounts receivable office supplies Land office equipment Accounts payable Common stock $ 9,390 16,020 3,030 45,980 18,550 9.060 84,580 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,650 16,020 4,190 7,570 830 650 int onces Using the above information prepare an October 31 balance sheet for Ernst Consulting, ERNST CONSULTING Balance Sheet 7 office equipment Accounts payable Common stock 18,550 9,060 84,500 Telephone expense Miscellaneous expenses 830 650 Part 3 of 4 Using the above information prepare an October 31 balance sheet for Ernst Consulting. 1.25 points ERNST CONSULTING Balance Sheet eBook Hint Print References