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how would I use the information from the table to create q statement of the owners equity? Required information Use the following information for exercise
how would I use the information from the table to create q statement of the owners equity?
Required information Use the following information for exercise 15 to 18 LO P2 {The following information applies to the questions displayed below.) On October 1. Ebony Emst organized Ernst Consulting: on October 3, the owner contributed $83,220 in assets to launch the business. On October 31, the company's records show the following items and amounts. Cash Accounts receivable office supplies Land Office equipment Accounts payable Owner investments $13,840 13,140 2,530 45,840 17,200 7,810 83,220 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,280 13, 140 2,779 6,120 820 630 Exercise 1-16 Preparing a statement of owner's equity LO P2 Using the above information prepare an October statement of owner's equity for Ernst Consulting. ERNST CONSULTING ERNST CONSULTING Statement of Owner's Equity For Month Ended October 31 Ernst, Capital, Oct. 31 $ Add: Owner's investment 83,220 Add: Net income 83,220 Less: Withdrawals by owner 1,280 Accounts receivableStep by Step Solution
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