Cash

Accounts receivable

office supplies

Land

office equipment

Accounts payable

owner investments

$$15,760$

$12,590$

$1,960$

$46,030$

$16,580$

$7,250$

$82,780$

Cash withdrawals by owner

Consulting revenue

Rent expense

Salaries expense

Telephone expense

Miscellaneous expenses

$$640$

$12,590$

$2,270$

$5,450$

$760$

$580$

Exercise $1-19($Algo$)$ Preparing a statement of owner's equity LO P$2$

Using the above information prepare a December statement of owner's equity for Ernst Consulting. Hint. Jasmin Ern December $1$ was $$0.$

$\backslash$table$[[$ERNST CONSULTING$],[$Statement of Owner's Equity,$],[,],[$Jasmin Ernst, Capital, December $1,$$