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Ch [The following information applies to the questions displayed below) On October 1, Etpony Erst organized Ernst Consulting, on October 3, the owner contributed $84,310

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Ch [The following information applies to the questions displayed below) On October 1, Etpony Erst organized Ernst Consulting, on October 3, the owner contributed $84,310 in assets to launch the business. On October 31, the company's records show the following items and amounts of 3 Cash Accounts receivable Office Supplies Land office equipment Accounts payable Owner investments $19,280 14,310 3,550 45,990 18,319 8,740 84,319 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,340 14,310 3,910 7.350 790 610 int Exercise 1-15 Preparing an income statement LO P2 ences Using the above information prepare an October income statement for the business ERNST CONSULTING Income Statement ERNST CONSULTING Income Statement

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