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how would I use the information in the table to craft a balance sheet? mework i Saved ! Required information Use the following information for
how would I use the information in the table to craft a balance sheet?
mework i Saved ! 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 Ernst 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 2,770 6, 120 820 630 es 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 For Month Ended October 31 Assets Liabilities Cash Accounts receivable Office supplies 0 Land Office equipment $ 0 $ 0Step by Step Solution
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