low/connect.html Problem Solving Saved Help Save Required information Use the following information for exercises 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 contri buted $83,660 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. $ 1,760 Cash $12,040 13,800 2,990 45,940 17,710 8,230 83,660 Cash dividends Accounts receivable Consulting revenue Rent expense 13,800 3,210 6,690 Office supplies Salaries expense Telephone expense Miscellaneous expenses Land 870 Office equipment Accounts payable 680 Common Stock 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 Next of 6 6