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missing a few answers Problems Required information (The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting; on

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Problems Required information (The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $8 exchange for its common stock to launch the business. On October 31, the company's records and amounts. Cash Accounts receivable Office supplies Land office equipment Accounts payable Common Stock $ 8,450 17,000 4,080 46,020 18, 860 9, 280 84,920 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,930 17,000 4,420 7,900 860 680 Using the above information prepare an October 31 balance sheet for Ernst Consulting. Assets $ ERNST CONSULTING Balance Sheet As of October 31 Liabilities 46,020 Accounts payable 18,860 8,450 Equity 17,000 Common stock 4,080 Retained earnings $ Land Office equipment Cash Accounts receivable Office supplies 9,280 84,920 210 Total equity 85,130 94,410 $ 94,410 $ Required information (The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,920 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. Cash Accounts receivable office supplies Land office equipment Accounts payable Common Stock $ 8,450 17,000 4,080 46,020 18, 860 9, 280 84,920 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,930 17,000 4,420 7, 900 860 680 ng the above information prepare an October 31 balance sheet for Ernst Consulting, Assets ad ERNST CONSULTING Balance Sheet As of October 31 Liabilities 46,020 Accounts payable 18,860 8,450 Equity 17 monte $ $ 9,280 ice equipment sh counts receivable

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